Great Bear Resources Ltd. GTBAF

Getting too rich

[BSdetector2016]

The share price has run up nicely for Great Bear but it may be time to talk about the realities of tonnes and grade. If you do a quick and dirty calculation at $20 USD per Inferred ounce the market cap translates into 15 million ounces. Is this realistic for this company?

[Goaweigh]

It may be too early for 15,000,000 Oz. but $ 20 is too low. If $ 20 was the going rate for Oz.'s currently trading at over $ 1500  We would be better off building a mine ourselves vs. selling the deposit. Use $ 100 per Oz. and the market is giving us a value based on an estimated 4,000,000 Oz. which is probably about right. Malartic is currently netting $ 560 per Oz. and they are mining

[touareg]

Imo $100 is still on the low side.. if you take the location, infrastructure and a rising POG into account I firmly believe $200 per ounce is closer to the mark.. and that would mean our share prise is currently covering somewhere around what we have at hinge / limb!! and that means the monster we have along at least 4Ks of the LP fault is currently being priced at Zero.. Zilch.. Nada.. Nothing...

[BSdetector2016]

With no resources you can't bet the farm. Nobody is going to pay $200/oz or even $100/oz until there is a huge amount of infill drilling to demonstrate continuity and tonnes. This huge bet on speculation, which means way too risky to invest now.

[Iveybiz79]

Shouldn't you be over at AAX trying to pump some life into that busted turd. Don't worry you have Allan.....what could possible go wrong LOL they will be under a nickel if they are lucky now that they have no money and nothing but dusters

[BSdetector2016]

I hear your mother calling; time for cookies and milk.

[touareg]

BSdetector.. If you believe this company is not a good investment WHY ARE YOU POSTING HERE? Problem with BSdetectors os they just can't see their own BS!