Great Bear Resources Ltd. GTBAF

Good news for GBR investors?

[Goodtoreadthis1]

 The CASH positions of large Gold mining companies in the area of the GBR property are enormous.  One is Kirkland Lake which has $800 million in cash to invest. Another is Newmont, the largest gold miner in the world with something like $1.5 Billion in cash (from memory). To no one's surprise I am sure, I own shares of both so I get their reports.. In the latest publication of KL , the report has the following paragraph-KL has formed a strategic alliance with Newmont, and the report goes on to say " The agreement also includes a commitment  by the two companies to work together TO IDENTIFY ADDITIONAL REGIONAL EXPLORATION OPPORTUNITIES AROUND THEIR RESPECTIVE LAND POSITIONS WHERE THEY MAY COOPERATE TO ADVANCE PROJECTS. 

These two giant gold companies are telling their shareholders they are ready to invest in nearby projects. Dixie is certainly nearby KL's Detour and Macassa mines and may be near NEM's mines as well. 

Given the enormous cash position of these two companies and their ability to borrow acquisition funds, it would seem clearly possible for KL-NEM to buy Dixie at a high price.