Why GBAR https://assets.website-files.com/5ff37a82f6caee2fe4e259a9/6046146a46b14c228fd4f682_GBAR_Presentation_EN1_MAR2021.pdf
Conclusion
§ A well-funded newly created company with a focus on gold exploration and developing assets
in the Abitibi mining camp
§ $20M of cash with projects having combined M&I resources of +588K oz/Au and Inferred resources of +329K oz/Au1
§ 100% ownership on all projects, no debt on the balance sheet
§ We control our destiny by being one of the only ‘’non-major’’ mill owner in the region, ability to
provide custom milling arrangements
§ Management with proven track record for acquisition of distressed/forgotten assets and ability to monetize
§ Cash flow opportunity – A potential restart of the Beaufor Mine within 8-14 months
§ All permits and equipment are in place, low capex to restart and process ore at Beacon
§ A low share count structure that will allow future M&A transactions and opportunistic financings § Only ~69.5M shares out, half of which is controlled within 10 entities
§ Attractive valuation in a bullish gold price environment § $44 EV/oz vs peers
§ Recently updated all NI 43-101 resource estimates
§ Interests aligned - Management intends to actively buy shares in the market