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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. > A couple questions...
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Post by RazorRamone777 on Jan 20, 2021 8:13pm

A couple questions...

since we are now told that the company would prefer to build a mine themselves rather than sell to a company that actually builds mines, even though it will take a minimum of 5 years, how much dilution will take place in order to build this mine? How many shares will the insiders be forced to sell in order to live thier dreams and the dreams of thier families for the next 5 years? How many years pay back will it take to break even once the mine is built?
Comment by goldman88 on Jan 20, 2021 11:29pm
This post has been removed in accordance with Community Policy
Comment by flashcash on Jan 21, 2021 2:39am
I just hope he will not drill his way through a bull market like it looks Wallbridge will ! I see an open pit close to surface as a lower capital expense than an underground one, so we will win on that one. As for Mills perhaps a high grade 500 to 1000 t/day built first and the lower grade one 1000 to 3000 t/day later as money flows in. Just gota wait a little longer on this one, the majors are ...more