Great Bear Resources Ltd. GTBAF

Metals & Mining Gold

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.

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Comment by Ivorygullon Mar 10, 2021 1:54pm

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Post# 32764102

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Looks like

"If the resource came out at 20,000,000 ozs at $1720 US, that's $55.48 US on 62,000,000 shares"........that is based on a 10% total of the value of the gold. This seems to be a reasonable amount according to what I have read, and it can vary, so it could be more.

Both the Red Lake District and the Hemlo District have produced more than 20,000,000 ounces, so I don't think it is unreasonable for us, since we are district size, to come up with that and more.

Ivorygull wrote: No Problem, goldbuz. Honestly it would be beyond my dreams too, but I believe it could happen.

I sold a second house I owned and mortgaged my own to the hilt to get as many as I could, so I certainly believe in it.

It will depend a lot on what they come up with in ounces in this first area, which I had at 12M+and only at two grams per tonne. I actually feel that it will be more than that, maybe closer to 4 even. And then it depends on how much upside we'd get. The standard is 15% from what I have read, so it would come down to 15% of how many areas.

And then it comes down to each one of us, and holding out for the maximum amount rather than capitulating to some low ball offers.

If the resource came out at 20,000,000 ozs at $1720 US, that's $55.48 US on 62,000,000 shares.

Which is $70.14 CAN. Add 15% upside on Hinge/Limb/Arrow, etc etc and it can easily go over $100.

goldbuz wrote: Thanks Ivorygull, looks like you put a lot of thoughtt into your share price calculation. If that’s what the price turns out to be, it would be beyond anything I could even dream about. My crystal ball method only got me to $60 dollars, but it’s not always reliable.