Great Bear Resources Ltd. GTBAF

Ounces !!

[KL8877]

Its ridiculously easy for this thing to reach over 10 m ounces….
You start adding any more width or depth and you can double the ounces


Length 3000 Meters
Width 25 Meters
Depth 400 Meters
Gravity 2.5
Grade 5 grams
 
((3000 L x 25 W x 400 D)  x 2.5 Gravity  ) x 5 grams = 375,000,000, grams / 30   =    12,500,000 million ounces

[BobbyCls]

I prefer this scenario in 2-3 years Length 10 000 Meters Width 25 Meters Depth 2 000 Meters Gravity 2.5 Grade 2 grams   ((10 000 L x 25 W x 2 000 D)  x 2.5 Gravity  ) x 2 grams = 2,500,000,000, grams / 30   =   80,000,000 million ounces

[KL8877]

What’s the takeover value per ounce.  400?

[ROIHunter]

Someone posted Cannacords current recomendation of $8.50 per share and 1 million ounces.  That works out to 450 per ounce and the current market cap.  They are basing this on a takeover by a local producer, so no capex and near surface which also increases the price potential. Many differerent estimates on how many ounces they might have and comparisons in size to all of Red Lake, which