Great Bear Resources Ltd. GTBAF

And about the NSR...

[GMAN100]

I don't agree the NSR will take off hot. I'd like to be wrong, but the stock went down a bit when it was announced in Oct. Once it starts trading I give it 25-50 cents after it settles unless the stock gets a lot hotter.

Logically since it's value is currently baked in the stock price, when it separates GBR should take a hit downward for the implied value of the NSR. After all it's not any different than going Ex Dividend. 

So if you think it's worth $2, You better expect GBR to drop $2!

Go ahead, make my day! Humour me with why I'm wrong.

[Goaweigh]

You aren't wrong and the Spinco won't be worth $ 2.00 anytime soon but that's up to the market to decide. I believe Chris suggested that the market cap of the NSR Spinco could be around the same market cap of GBR " one day " and when he said that the market cap of GBR was around $ 350 Million. And technically GBR should pull back a bit after spinning out the NSR. But so what