Great Bear Resources Ltd. GTBAF

$15.25 price target from PI Financial

[excel12]

https://twitter.com/PIFinancialCorp/status/1268955696382595072/photo/1

[iDiditMyWay]

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[goindeeper]

Am I missing something?  That is the exact same price as Cannacord Genuity put out today.  Are they affiliated? BTW, Cannacord's price target is based on a grand total of 2.5 million ounces for the LP fault. I think they are playing it waaay too conservative on this stock.  How happy can investors be when their advisers miss the upside in a stock like GBR at this stage?

[Goaweigh]

That's probably a near term target but what's most interesting to me is putting a valuation of around $ 750,000,000 for the Co. based on only 2,500,000 Oz. which implies that they believe the market will apply a value of $ 300 per Oz. of gold. If that's the conventional wisdom at this point in the cycle and we demonstrate by year end that the LP/Hinge/Limb is closer to 10,000,000 Oz

[goindeeper]

Great point on the $/oz figure, but we need to do some recalculating as they did also apply 1.5 million oz to hinge/limb, for a total of 4 Moz.   Also, if my memory is correct, shouldn't we use roughly 55 million fully diluted shares?. $15.25 x 55M shares = CAD$830 M CAD$ 830 M/ 4 MOz = CAD $207.5/oz or roughly USD$160/oz Still a huge,exciting number.  I haven't been able