North Bay Resources Inc (NBRI)

[Huggy Bear]

While I think some favorable drilling results indicating a decent deposit would make for a good trade, without knowing costs of production I don't see it adding any fundamental value.

Until such a time as NBRI can demonstrate that they are producing gold at profit margin my opinion is that there is not any fundamental value here. In fact, the nature of the financing, all toxic options, equate to further deteriorating fundamentals as evidenced by the slide from all-time highs based on pure hype and momo trading to now with NBRI sitting just over 52 week lows.