Great Bear Resources Ltd. GTBDF

RE:RE:RE:RE:$15.25 price target from PI Financial

[goindeeper]

Great point on the $/oz figure, but we need to do some recalculating as they did also apply 1.5 million oz to hinge/limb, for a total of 4 Moz.   Also, if my memory is correct, shouldn't we use roughly 55 million fully diluted shares?. $15.25 x 55M shares = CAD$830 M

CAD$ 830 M/ 4 MOz = CAD $207.5/oz or roughly USD$160/oz

Still a huge,exciting number.  I haven't been able to bring myself to use over USD$100/oz as I don't want to get too carried away on valutaions.

Goaweigh wrote: That's probably a near term target but what's most interesting to me is putting a valuation of around $ 750,000,000 for the Co. based on only 2,500,000 Oz. which implies that they believe the market will apply a value of $ 300 per Oz. of gold.
If that's the conventional wisdom at this point in the cycle and we demonstrate by year end that the LP/Hinge/Limb is closer to 10,000,000 Oz. then those targets should rise to around
$ 60 per share or a $ 3,000,000,000 market cap. 
That would make for a nice ending for 2020 and then we follow that up with a drill plan to double the resource by mid 2021.   

 

goindeeper wrote: Am I missing something?  That is the exact same price as Cannacord Genuity put out today.  Are they affiliated?

BTW, Cannacord's price target is based on a grand total of 2.5 million ounces for the LP fault. I think they are playing it waaay too conservative on this stock.  How happy can investors be when their advisers miss the upside in a stock like GBR at this stage?

iDiditMyWay wrote: $15.25 ?!?!  Do they have the right company? - that seems pretty low, maybe they meant $15.25 by the end of June.  They just drilled 12 meters of almost one ounce per tonne gold.