Great Bear Resources Ltd. GTBAF

I'm expecting an increase in drilling activity as soon as

[Goaweigh]

practicle. We had enough money to support 5 drills until well past year end and probably enough to cover the work to produce a preliminary resource report.
Now we have an extra $ 33 Million and more times than not when you raise large sums like this you are expected to give some idea of a " use of proceeds " . Some of the guys who put in this money may be very happy to just ride along and see what happens, this was an efficient way to get a position or add to a position and so maybe they don't really care about how the money is used, they expect the stock to go higher regardless. But I expect the majority will want the Co. to use the money to leverage the play, get more drills turning, drill off the 5000 meters of the LP as fast as possible by bringing back the 2 drills we had before, when we can, but also maybe bringing in a couple more drills, one maybe dedicated to going back to the Hinge/Limb and  another starting to do more exploration work along the LP, looking for more targets beyond the 5000 meters.
Maybe we build a sperate camp 10000 meters down the road and put 2 drills down there ! 
Regardless of exactly how those drills are used I'd be very surprised if we don't bring back the 2 drills we had before and almost equally surprised if we don't expand our activities by bringing in 2 more. 
That $ 33 Million isn't doing anything for anyone just sitting in a piggy bank collecting dust !

[Hermod]

Agree, been thinking along those lines too. It would be fun had this still purely theoretical increased activity targeted a few of the other claims, but at the same time that would be a waste of time.  Atm we should leave the other claims alone, focusing on the core asset (LP+hinge) and get them drilled out asap, and deep. The faster, the deeper, the wider, the better. Heck, in a way it

[flashcash]

  All results must be furnished in a reasonable time frame from been received, there can be no holding back or showing of results that could skew the actual total result. Any company doing so I would avoid, past experience.

[goldminer1956]

I believe the law requires prompt disclosure of information whch has impact on the share price. 

[goldbuz]

Totally agree on getting more drill rigs going The only thing stopping this, is the virus threat.If CT comes up with a plan,to negate that threat, it's full speed ahead. 5-7 drill rigs would be a great way to burn up some of that cash. I don't post very often, but it's nice to read and post on a site, where for the most part, everybody gets along, contributes,and speculates. When I

[goldminer1956]

more drill rigs sounds like a good use of those dollars. C.T. will keep things rolling. some well placed 1000m drill holes could move us closer to $45US, then upwards

[weedstocks545]

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