Great Bear Resources Ltd. GTBAF

GBRR.V

[Fredo51545]

Royalty value implies a price of US$ 25 for the common stock. Why the discrepancy?

[skiesthelimit]

Maybe some streaming companies trying to pick up some shares. 450k shares traded. Quiete a bit considering there are 25 million shares outstanding. And only mid day.  

[Iveybiz79]

Essentially zero risk with the royalty. Rough benchmark would be 10 percent of gbr market cap, it's actually still undervalued.

[Goaweigh]

Guess it depends on how many shares you use for GBR and GBRR. We must be close to 60,000,000 on GBR and 30,000,000 on GBRR So $ 930,000,000 on GBR @ 10 % = 93,000,000 by 30,000,000 shares = $ 3.10 If that's right we may actually be trading at a premium. Whatever the exact numbers are someone or some group is buying this far more aggressively than I thought would happen. I thought we might

[Fredo51545]

A royalty interest is only worth 2x the working interest at current gold price. Assume a cash cost of $850/oz and royalty cash flow is $1700/oz versus $850/oz to the working interest, 2x more.. If true, GBRR is implying a vale for GBR of $25-30 US. Ergo, the stock is much cheaper than the royalty. Dissenting opinions welcome.

[KozmoT]

I think most here would agree with you that GBR is worth at the very least $25 - 30 U.S.  I'm guessing considerably more in fact.

[surething1111]

Yep, Sure wish your poor cousins from south of the border had been allowed to participate in this offering. I was selfishly hoping to be able to purchase GBRR for under a buck. Dixie will most certainly become a mine, and a very profitable one at that. These royalty shares will become very valuable indeed, so hold on to them. Just remember your poor cousin to the south having told you so