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Great Bear Resources Ltd. GTBDF


Primary Symbol: GTBAF

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.


OTCQX:GTBAF - Post by User

Post by excel12on Apr 30, 2020 3:00pm
322 Views
Post# 30972815

Let's do some simple math

Let's do some simple mathJust for arguments sake I'll use round numbers -- Let's say the people buying today are buying just for the NSR. So if they pay an extra $1.00 per GBR share today and they buy 1,000 shares ($1,000 extra). Since you will only get 250 NSR shares for each 1000 GBR shares in effect you just paid $4.00 a share for an NSR share that "has little value" and you can't trade them.
  Does that make sense to you? Just maybe they are buying because they believe todays SP will seem like a bargain in the not too distant future?
 
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