Great Bear Resources Ltd. GTBAF

Chat with Gwen

[Cedarcottage]

I am home from the Metal Investors Forum in Vancouver, where I first heard Gwen Preston the newsletter writer talk about Great Bear resources a year and a half ago.  Great Bear didn't bother to present this time, or even have a booth.  They may show up in February, but they are busy.  

I talked to Gwen Preston briefly, at the end of the day.   She offered a fact, and an opinion.  I mentioned the 85 meetings in five days that Chris Taylor had in his road show recently.  She told me that Great Bear has hired a person full time to deal with the majors - site visits, requests for information etc.

I asked her point blank, and repeated the question - does Great Bear get taken out in 2020?  She said yes, and nodded deeply.  Her opinion, FWIW is that for current investors the final chapter is coming next year.  The only question is when will the market wrap it's head around the different geology along the LP fault, and how fast can they get the drills turning.

Her belief on strategy is that they will work with the 4 km they have defined.  Fill in the gap, and go deeper.  The market will accept the other 11 km of identical geology.  Estimate will come.  

Gwen cannot predict the future, but she is closer than all of us on this company, and I respect her opinion.  I look forward to the 2020 takeout, hopefully at a blue sky price.  As always, GLTA.

[Canuck11]

The company is in a race against the clock; the real question is how much time do they have to prove up a large enough resource estimate before the price of gold takes off. From a seasonality perspective, we are entering the time of year when gold normally increases in value, but on a more global scale, what is the catalyst that sets off the next gold bull run. The timing issue is the risk the

[HansonLockyer]

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[CdnBadger]

You gonna put your money in bonds when this market collapses? Gold is the only game in town this time when it happens.

[bobzuruncle]

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[Goaweigh]

Everywhere you see 1 gram just convert it to US $ 50.00 If every ton of rock contains only that one spec of pepper it's worth US $ 50.00 per ton. So if we go back to the two blobs in our last presentation and using my just for fun calculations of their size the North Blob contains 75,000,000 tons of rock so that blob @ US $ 50 per ton = US $ 3,750,000,000 worth of gold. The South Blob

[allenbow]

While I like your numbers which as a long you cannot help but like, they are misleading.  Producers in search of new deposits will only pay up to about $150 an ounce 'in situ' so that means about $4.82 a gram ‘in situ’. So in your 75,000,000 ton example, the gold in situ is 'only' worth 360 million, not 3.7 Billion.

[October4]

Which is $7/share 

[touareg]

I think they will pay more for a near surface massive deposit right next door to all the intrastructure needed. Highway, power lines, mining friendly district in a politically stable country. PLUS it does look quite likely the POG is on it's way north. I went a over the top a while back suggesting $400 but I don't think $250 even $300 is being too optomistic given a rising gold price and a

[Goaweigh]

Where did I imply that the insitu was net to GBR ? I didn't, I was simply converting 1 gram of gold which would be worth roughly US $ 50 and multiplying that US $ 50 by my just for fun calculations of the tonnages for the two blobs. The resulting # was US $ 11,250,000,000 insitu which in this case means in the ground. No where did I suggest we would receive anywhere near US $ 11 Billion for it

[allenbow]

Ok. LOL. You have a sense of humor and  I see your point now.  I'll go with 1.5 B as the eventual buy out accepted bid. If this is what CT and others think it is, then that is $34 a share give or take, in rounding - and depending on the drill at the extremes and the in between blobs, maybe more but maybe less. Anyone holding from the early days will be salivating even in the mid

[Goaweigh]

If we came out with a maiden resourse that included the two Blobs and there wasn't another single hit beyond those two blobs then an offer of 10 % of the insitu resourse might be reasonable but if we had multiple hits running up and down the fault confirming that the geology was similiar if not identical then I belive we would get an offer significantly higher. I've looked at a multitude

[HansonLockyer]

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