Great Bear Resources Ltd. GTBAF

Exercise your rights

[CIC4ever]

Great report by the analyst of Eight Capital, although I don't understand how he evaluates the resources.

He takes 4200 m for the length of the LP Fault.  Chris Taylor talks about 5000 meters that could be in the end up to 11 000 meters.  The analyst takes depth of 600 meters, although 800 meters have already  been tested.  Chris said that usually the depth could reach the width for that kind of deposit and that in Red Lake the depth reaches 2 500 meters.

4200  X  600   X  100  = 240 000 000 Tons  

X .10 ounces  =   Reserve of 24 Millions ounces.  Analyst calculates 13 million ounces for all the zones, not only LP fault.

Production of 800 000 ounces per year X 2000 $ (POG)  =  1,6 Billions per year X 2% (NSR)

Royalties = 32 Millions $ less taxes and cost = 22 millions $ / 27 million shares of GB royalties  = 

Profit of 0.80 $ per share  X PE of 100 (REF Franco-Nevada)  =  80 $ per share of

Great Bear ROYALTIES 

That's if all rights are exercised and If the deposit is limited to the actual size, no expansion (depth, length, other zones, etc.).

Now we can buy for 0.15 $ so that the company can have some money in the bank to keep going which we all want.

I think it is worth it. Yes it is dilution, but when we received the shares, it didn't cost us a penny. If you buy for 0.075 $ something that could be worth 80 $ of more, it is an excellent deal.

It is really hard to estimate the resources, but we all know it is a MONSTER deposit and it will be the best discovery in Canada for the last deacades, the analyst are calculating with only the actual drilling, they cannot speculate as we can.  But it is clear that we will go deeper, extend the length and probably find other zones.  They are defining a certain resource with all the infill drilling, but we will see deeper holes and extensions eventually that will give a new life to the project. The next 6-9 months should be very very interesting.

Regards,