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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 GoldenPolarBearon Jun 28, 2020 12:04pm
403 Views
Post# 31200323

"... In a recent report, Goldman Sachs said it expects gold

"... In a recent report, Goldman Sachs said it expects gold

"... In a recent report, Goldman Sachs said it expects gold prices to follow a similar path to that in the aftermath of the financial crisis of 2008-09 -- jumping initially as rates fall, directionless for about six months after, then rising with higher inflation and remaining high for several years before falling. https://www.goldmansachs.com/

It also predicts gold prices will reach US$2,000 per ounce by this time next year as demand rises with the lifting of pandemic lockdowns and a weaker American dollar.

Higher gold prices are good news for miners but they won't necessarily lead immediately to more projects in Canada, said Kevin Chan, national mining leader for PwC Canada. https://www.pwc.com/ca/en.html

"Companies are still using a relatively conservative gold price assumption," he said. "A lot of them are still planning and looking at their future development projects using lower gold prices, somewhere between $1,200 and $1,300."

He said gold miners have learned from the last boom to avoid taking on big debt and risks to build production...."


https://www.ctvnews.ca/business/record-gold-price-forecasts-boost-prospects-for-junior-mining-companies-1.5003317

https://www.juniorminingnetwork.com/newswire/79396-sprott-weekly-wrap-up-thinking-about-buying-gold-stop-thinking-and-get-in-the-game.html

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