Great Bear Resources Ltd. GTBDF

RE:RE:Update from management.

[Hermod]

vestor111 wrote:

Then consider how few royalty shares there are - about 13m at 2% of sales.  

Throw on top of it things like a recent kitco interviewee upped his Pog target from $3000/oz to $10,000.  

Then run some numbers against various levels of product which could include multiple open pits running in parallel.  Oye!

 As CT indicated about the new board hire, his skills help move the processes down the development road thus advancing the timeline to royalty flow.  

The intersection of the pog's uphill slog and the at surface high grade mining out a few years.  Nice kicker.  The qtrly royalty checks could get very sweet.  

Just noodling.  

Anyone remember the total number of NSR shares? 

Just a quick calc would be someting like this. (Assume we got 13M NSR's)

Mine produces 1M oz/year. That is 0.076923 per share at 100%. But the spincos "only" get 2% of that, meaning we must go 0.076923 x 0.02 = 0.0015384 oz/spinco/year

Now take that number, 0.0015384 and multiply with your eventual spinco share holdings. For example, for every 1000 spincos you hold, you get an yearly return equal the value of 1.5384 troy onces of gold. At todays value that would be about $2700 USD per 1000 spincos/year. Just because you own them 

This has potential to be some Really good icing on the cake!