Great Bear Resources Ltd. GTBAF

BR-36 and BR-37 drill results.

[flashcash]

Look at it carefully, it's big ! A bulk sample here and we are laughing.

Yauro (Between Yuma and Auro)

[lechmeir]

Those are some pretty impressive grades that near the surface. When the selling pressure lets up we're good.  I just wish I had more money right now.  

[Goaweigh]

But you would only be getting a representation of a tiny sliver of the property. As Chris has said we've only just explored 20 % and in most of that it's probably only been with one hole here and there. Still just scratching the surface. So how would we know that the Yauro zone is the best yet and unless you're sampling the best you're short changing yourself. We could drill

[flashcash]

If that is the smallest one still go for it, it would bring a lot of cash in and be very supportive of the share price. We have huge potential but are seen as an explorer and treated as one, that revenue would be a huge boost to the company and remove a fair amount of dilutions ahead if we don't. my pennith worth.

[Goaweigh]

You're not talking about a bulk sample if it's designed to generate revenue, you're talking about small scale mining. To do that would cost us tens of millions to build a mill just to start and we couldn't begin to make any money on that scale. You need massive scale to make money on low grade bulk tonnage mine. Let's start at $ 500,000,000 and go from there. That's

[awacs1]

Agreed that a couple of key elements are required. What mill is close enough? and of more immediate interest, How long will the enviromental study take? In other words, any application will take substantial $$ and staff time to prepare the application and then to marshall it thru the bureaucracy. Keep building the dream!!

[Cedarcottage]

Take the cash, and get several drill rigs turning.  The price has moved substantially on drill results so far.  Do more of what is already working, within the six month window we can be well over 50% drilled.  Keep up what is already happening, and the price will move well far enough.

[touareg]

Exactly Goa.. you are on the money here.. and even though it was the right thing for pretium it didnt do them any good.. flashcash is like a dog with a bulk sample bone.. for some reason he can't let go of it.. i told him way back it was totally not the right thing for GBR to do but he's got his teeth into that bone and he won't let go! lol

[flashcash]

It looks like the reason Newmount is leaving the area is the high costs, I think its around $1200/oz. They have a mill and we have a near surface high grade deposit, cutting them deal with an ore supply would not be a bad idea at all for both of us.

[flashcash]

Pg 14, I say cut them a deal to supply so many oz so they can reduce their AISC to their other projects for instance. We find gold which we are very good at and they keep their work force and a foothold in North America. https://s2.q4cdn.com/575378270/files/doc_presentations/2019/11/November-Investor-Presentation_Final.pdf

[Goaweigh]

Sure, We could set up a giant " You Dig It " operation, they drive their trucks down to our property and fill em up, drive over a scale and we charge by the ton. So if our property averages 1 gram per ton which is worth $ 50 we charge $ 25 per ton for them to take it aweigh. Maybe we even seperate it out, high grade over here which averages 3 grams, and low grade over there which is only

[flashcash]

The managements strength is finding and proving up gold, I dont think they would like running a mine, its boring ! The rush of finding gold is incredible as I can testify. These red lake mines are getting very, very deep and much more expensive to run. The idea is an option and a valid one, I think a major would definitely be interested. We can get plenty of cash to drill up the rest of the

[Goaweigh]

The problem is they haven't found enough gold yet to start mining, but don't worry you'll know when they do because Newmont or Barrick or Kirkland or someone else will be bidding somewhere between $ 30 to $ 50 a share. It will happen in 2020 !

[HansonLockyer]

This post has been removed in accordance with Community Policy