Great Bear Royalties V.GBRR

RE:NSR's explained

[KozmoT]

From that article ... "For example, if a mine operator sells gold for $900 per ounce to a smelter and its cash costs are $300 per ounce, the holder of a 2-percent NSR would receive roughly $12 per ounce. If the price of gold is projected to increase to $1,300 per ounce, the NSR holder then receives $22 per ounce."

Now apply that to GBRR and consider that our MC is roughly $92 million.

Say conservatively 10 million ounces and a POG of twixt $1700 and $2000 / ounce ... I'd say there's a lot of upside here....