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Bullboard - Stock Discussion Forum Great Bear Resources Ltd. GTBAF

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... see more

OTCQX:GTBAF - Post Discussion

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Post by CdnBadger on Sep 05, 2019 8:17pm

Math

Could someone who knows geo dontje math for me here. I don't know how to work it out. Hypothetically if the entire fault was in fact the strike length and we were getting say 2 grams per ton.(or is there a more accurate conservative number). Like what could the potential of this thing be? In my head it seems massive but just what are we actually looking at here? Even if it was only the 3.5 km combined even that seems pretty big. Can someone help get a grasp on the numbers or explain/send me somewhere so I can do the work myself. Thanks in advance. I don't mind doing some heavy lefting so feel free to point me towards some heavy reading.
Comment by BILLMINER on Sep 05, 2019 8:40pm
Many more ozs than seeking alpha pot man mentioned . Lol. Obvious paid agenda .  They will block out a million or two ozs in the low grade material  .just my opinion .
Comment by allenbow on Sep 05, 2019 8:45pm
and that is just for each discovery so far..  :)
Comment by touareg on Sep 06, 2019 3:47am
Exactly! seeking alpha man does not really understand a number of things about pricing explorers, first it is not all about some guesstimation of how many ounces they have hit so far.. it is very much about the 'potential' that drilling is demonstrating. Valuing the stock on a basis of 1.5 million is totally misleading. The company is demonstrating, with the drill, that there is clearly a ...more  
Comment by Ggallant2000 on Sep 06, 2019 5:56am
Great post! Do you post at ceo.ca? If not, could I post a link?
Comment by touareg on Sep 06, 2019 9:02am
Thank you.. I don't post there.. maybe I should SH is a pain in the boot..  Sure share away.    
Comment by KL8877 on Sep 06, 2019 11:41am
Someone do the math again to validate. This thing could actually reach 100 million ounces...
Comment by CdnBadger on Sep 06, 2019 11:16am
Was Chris not encouraging us to do our own math? Your point is well taken and I get it but I felt Chris was hinting at doing the math to understand the scope of it. Did I misunderstand what he waa saying?
Comment by goindeeper on Sep 05, 2019 11:55pm
Total In Situ Value = (volume of deposit)(specific gravity of host rock)(average g/t of deposit)(in situ value of one gram of gold based on purchases of similar deposits) Make sure your units are consistent i.e. use metres and grams all the way through or you have to include the conversion factors in your calculation.
Comment by lccommoner on Sep 07, 2019 3:06pm
CdnBadger: Yes, Mr. Taylor was telling everyone to do their own DD! The company has provided the info/data. The following link my be of help. The article is called Interpreting Drill Results 101. https://news.goldseek.com/GoldSeek/1242751631.php You need "true width" to acurrately use the formula. Please see GBR latest NR stating multiple times they do not know true width yet. However ...more  
Comment by CdnBadger on Sep 07, 2019 8:29pm
Thank you very much.
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