Jay Taylor, in the Feb. 17, 2020, edition of Gold, Energy & Tech Stocks, refreshes his buy of Great Bear Resources Ltd., recently $8.73. Mr. Taylor said buy four times from Feb. 15, 2018, to Oct. 15, 2019, at prices ranging from 53 cents to $6.62. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $24,732. Great Bear owns the Dixie gold project in Ontario. Recent highlights from the continuing exploration program include a drill result of 21 metres grading 10.58 grams per tonne gold. Although Dixie's drill results have long captivated Mr. Taylor, it is clear to him, based on Great Bear's modest market cap of $300-million (U.S.), that the market still does not understand "just how big and profitable the Dixie property can become." He runs some back-of-the-envelope calculations and surmises that Dixie could easily contain 10 million to 20 million ounces of gold. As exploration and infill programs continue this year, he expects to gain a better sense of the project's scale and grades ("I can't wait!"). Ultimately, he continues to believe that Dixie will one day attract the attention of a major miner, allowing shareholders of Great Bear to "enjoy value from Dixie for years to come." Buy.
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