Great Bear Resources Ltd. GTBAF

Gwen Preston's view of Great Bear's potential

[BobbyCls]

https://www.youtube.com/watch?v=MtIAvrHkK9g

[Tminus1blkswan]

40% premium?? So much for what if's and lambos

[HansonLockyer]

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[touareg]

Thanks Bobby, I agree with her take basically until she said maybe a double from here if a major comes in now.. hello? that's a value of not much over $500 mil and she mentioned 1.5 mil oz hinge limb (and there is obviously a lot more there) and 10 mil oz plus plus plus LP.. A $500 mil valuation is a joke! Even if we only had 5 million oz that should give us a value of around $2 billion.. (

[captainpooby1]

Nobody is going to pay 400 an ounce for gold in the ground, especially an undefined resource. More like 150... 250 on a great day. Having said that, GP says and I agree, there are 10M oz just in what’s drilled now and even at 150 an ounce, that’s about 30 bucks a share. At 250 an oz, that’s 50 bucks a share. if they fault has the same gold all along it, it could be as much as 60M oz. That is

[touareg]

I believe $400 an oz is a fair number for this particular situation.. we have to remember this is not some remote mountain range in Alaska hundreds of miles from infrastructure.. it isn't in Africa in a politically unstable country.. It is, as CT keeps reminding us, a couple of Ks from the highway and power lines, 20 minutes drive from Red Lake Central.. basically it could not be in a better

[HansonLockyer]

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[captainpooby1]

Please don’t think I’m slamming GBR because I’m not. I’m just trying to be realistic and I think it’s just not realistic to think someone will pay 400 bucks an ounce for an “unproven” resource with nothing but drill holes. I’m not an expert but in all the google searching I could do, most I could find anyone using for mine valuation calculations was 250. Some even use 90 dollars. i think GBR is

[HansonLockyer]

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[touareg]

I hear you captain.. actually 250 bucks us is 330 cad so we are not so far off

[Goaweigh]

What are you smoking. Gwen was one of the first writers to promote the story to her people and she's still very bullish and is saying she sees 10 Million OZ. What's negative about that ?

[HansonLockyer]

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[HansonLockyer]

This post has been removed in accordance with Community Policy