Taylor buy rating Jay Taylor, in the July 16, 2020, edition of Gold, Energy & Tech Stocks, refreshes his buy of Great Bear Resources Ltd., recently $16.82. Mr. Taylor said buy five times from Feb. 15, 2018, to April 17, 2020, at prices ranging from 53 cents to $7.83. Assuming a $1,000 investment for each of the five buys, the $5,000 position is now worth a pleasing $49,787. "Oh my goodness! More unbelievably great news!" is how Mr. Taylor kicks off his update on Great Bear. The company's Dixie gold project in Ontario continues to be "like an amazing dream." Great Bear previously made progress outlining two zones called Dixie Limb and Hinge, and now a step-out program has found what appears to be a Hinge look-alike, called Arrow. "[This] supports the strong ongoing discovery potential," declared Great Bear's management. Mr. Taylor could not agree more. The one downside of Dixie, if it can be called that, is that there is still no resource estimate, and the market is getting more and more impatient to see one and to get a better sense of the economic potential.
Mr. Taylor expects the economics to be "exceptionally strong"
and potentially lead to a "very competitive bidding process" among major miners
Great Bear remains a great buy.
© 2020 Canjex Publishing Ltd. All rights reserved.