Great Bear Resources Ltd. GTBAF

Value

[Kyodai]

Just some speculation about possible value of GBR:s gold in the ground.

Let's say they come up with 10M oz, as their first resource estimation (just a number)

What would then be a realistic take-over price, as calculated per share?

Is a valuation of say 150M cad per 1M oz a reasonable number?

[goldman88]

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[CdnBadger]

I'd say $250 per ounce valuation but that wouldn't be the take over number. That number would have to take into account potential/indicated. Take over I would wager has to be 4 billion plus.

[Oilminerdeluxe]

Only my view, but it depends on how close we get to production. The closer, the higher number. $250 when production is near is a good number imho. A while yet for that to happen. But I am happy to be wrong. If a bidding war frenzy occurs, who knows where it will end up.

[goldman88]

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[diabase1]

Looks like Canaccord is buying a lot of shares!!

[goldman88]

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[diabase1]

More than likely. Here is a list of some possible suitors (not in priority order). Evolution Mining Newmont Corp Teck Corp Barrick Gold Rio Tinto? BHP? Newcrest Mining? Goldfields? Any others??

[diabase1]

goldman88, Canaccord and Cormack were involved in several of the last financings for Great Bear. Since these 2 companies would have known who the clients were for these financings, any suitor that is interested in taking out Great Bear would likely ask both these companies to start taking down all the shares they can get their hands on for them. At least it's a possibility. Keep an eye on

[goldman88]

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