Great Bear Resources Ltd. GTBAF

RE:RE:RE:RE:RE:RE:Great Bear Royalties

[Ivorygull]

lumpy13, I don't believe that Chris is leaving us a residual royalty in case the acquisition price isn't sufficient, he is getting that for us regardless of the price, even if it is massive.

IMO, he wants all shareholders to enjoy this long after we are taken over, and has/had no intention of using it as leverage, otherwise he would probably have had it at a higher percentage with a clause that it could be bought back.

The shares are of no value right now, and what would we be offered for them, if who ever is taking us over, were to offer to buy. Those shares are the only ones that we will own, that will get us to the true value of the Dixie project. We all agree that we will likely be taken out before the real number of ounces are delineated, but the Royalty shares will still be there when whoever is mining has showed what there really is, and what there will be in the future.

As V.111 points out, the Royalty Co. is a separate legal entitiy and only those who own shares in it can vote. I think it would be a huge mistake if somehow we were asked to sell, that anyone would say yes, given the reasons I have just said.