Great Bear Resources Ltd. GTBAF

RE:RE:Exercise your rights

[Ivorygull]

I'm 100% in agreement with you goaweigh. Excellent post.

Goaweigh wrote: Can't find where that report was posted now but it is a good one. Thought he was basing his calculations on 400 meters depth.
Think he's also basing his numbers on the concept of a higher grade core of maybe 4 Million Oz. and then an envelope of lower grade, another 6 Million Oz. give or take.
Anyway it's still too early to really nail this down, every one is going to wrong until we have more data. In fact we may never know because GBR could get taken out long before we ever have a chance to fully explore the LP.
What we need to do, and what I think we are doing, is to demonstrate we have a very robust highly profitable tier one asset of around 10 Million Oz. but also that we've got holes with exceptional grades that show continuity even though they are hundreds if not thousands of meters away, both along strike and at depth.
Prove 10 Million Oz. now but demonstrate we have another 10 Million to 20 Million Oz. in the  blue sky category is probably the best we could hope to achieve given the timelines we've set, meters of drilling etc. etc.
If Dark Helmet leaves us alone for awhile longer then maybe we'll have the opportunity to drill off an additional 10 Million Oz. or maybe even start the process of mine planning on the first 10 Million, don't know which of those two options will move the stock into massive takeover territory, maybe doing both is the way to go.
A few more weeks and we'll have our model anyway !