Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Great Bear Resources Ltd. GTBAF

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to... see more

OTCQX:GTBAF - Post Discussion

Great Bear Resources Ltd. > Metals Investor Forum part one
View:
Post by Cedarcottage on Jan 17, 2020 10:07pm

Metals Investor Forum part one

Not much in Chris Taylor's presentation today, I did talk to him later although there wasn't much for those of us who follow the story closely.  From memory, this is the news.

1) There are five drill rigs on site.  From questioning, there will be four rigs engaged in flat out drilling of the Gap zone, because they need frozen ground and it ends in March.  They will have one rig drilling for "blue sky" results, places like the North Fault and other places.  

2) The drill spacing on the LP fault zones already identified will be 100 metres, unless it is a high grade zone where the spacing will be closer.  They are in consultation to determine how close the spacing needs to be, and they hope to complete the drilling program before they get taken out by a major company.

3) Last year there were complaints about isolated drill results, with later follow up.  Drill results will be presented in higher numbers to build evidence for analysts.  One lab was fired for a lack of accuracy. Five percent of drill results are cross checked, and visually high grade samples are internally logged and tracked for results. 

4) The NSR details will be released in January. 

5) I asked if there were any storm clouds on the horizon, he reiterated the position that the geology makes him more confident than ever, but he is still concerned about the Godfather offer.

Comment by Tminus1blkswan on Jan 17, 2020 10:43pm
Thx cottagecountry
Comment by Fullplate on Jan 18, 2020 12:06am
Thanks, Cedarcottage. That’s a great summary, and to me it appears that we learned a lot from what CT had to say.  Even though they could issue drill results as early as Tuesday next week, I’m doubting that we see any before mid February. The best time for news in January would have been this past week, before the investor conferences.  They are using the upcoming NSR press release to ...more  
Comment by Cedarcottage on Jan 18, 2020 10:42am
Just an FYI, Chris was not specific but indicated that we will see drill results in January. 
Comment by Cedarcottage on Jan 18, 2020 10:54am
Another point worth noting from my conversation with Chris, it's a little tough to remember it all.  He was talking about the analyst models that value GBR, and they look at the high grade in the LP fault but they discount the amount of gold.  That's why the current  estimates are in the nine dollar range.  The drilling needs to link the high grade zones with the widely ...more  
Comment by captainpooby1 on Jan 18, 2020 11:21am
Thanks Cedarcottage for the info from the forum. I'm excited about the NSR news. It could really drive the share price nuts.
Comment by touareg on Jan 18, 2020 1:18pm
Yes many thanks Cedarcottage.. all important points covered.. I am glad I added some Friday!  To GMAN and any others who had concerns about the little drop in sp just before Friday close.. it was a very small number of shares and imo of no signficance at all.. some bids were lowered or pulled no doubt and someone wanted a few hundred bucks for his weekend birthday party or whatever! Best ...more  
Comment by October4 on Jan 18, 2020 3:57pm
Would an NSR greater than 2% make the company less attractive to buy-out offers?
Comment by lumpy13 on Jan 18, 2020 4:08pm
A hypothetical question. They're going with 2% and, if they tried to change itnow, it would only sew confusion.  So it's moot. Personally, I think there is a very good chance that, as the company does the drilling to be indicate continuity of the deposits, the 2% NSR will grow to be worth $200-400m in a few years.  A nice kicker for shareholders, especially if GBR's acquired ...more  
Comment by Tminus1blkswan on Jan 18, 2020 4:59pm
I think there is a point where a higher NSR becomes counter productive to our cause. If too high, the project will become unattractive to suitors or discourage getting competing buy-out offers when the time comes. I hope it stays at 2%
Comment by Ivorygull on Jan 18, 2020 6:33pm
Thanks Cedarcottage. It's great that you have actually been able to meet with Chris, and you have obviously seen him in person more than once. In his interviews, we can see his confidence increase, so your confirmation of in person demeanour is a moral booster for us. I do have a question although I don't know if he can/will tell us. I'm curious to know what we are going to do with ...more  
Comment by GMAN100 on Jan 18, 2020 11:11pm
Agree it's a good question. My intuition is that will depend on the offer and may be a negotiating point.  Real producers are not all that interested in exploring. Especially other properties. Historically they haven't all done that good a job finding all the gold around their existing deposits, hence the recent rebirth of old dormant mines. And yes I get that gold price may be a ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities