Wednesday, April 23, 2014 12:58:32 PM
The last channel found at that Ruby they mined $75M out of that 1 channel in 5 years. There was nothing special about that channel as it was inline with historical averages, even lower amount than the Bald Mountain channels gold.
The entire worth of the Ruby right now would be at most half of the cap or approx $1.5M. How would $10M per year profit for a decade would only make a great trade? LOL a real great trade IMO.
Since you don't know about costs that's fine with me because the 100 years of mining experience we have working at the Ruby know precisely what those costs will be per ton.
They even told us about it a few weeks ago when they said one mining crew would need to find 10 ounces per week to break even. It's pretty simple math when you get down to it.
Proclaiming a new gold channel would be worth a trade only IMO shows why NBRI is such a great deal right now. A new gold channel is worth 50¢/sh. 2 new gold channels are worth $1.00/sh. This is on top of the gold NBRI is already planning on mining.
I am not sure what a good trade to you might be, but a 50-100 bagger would be a very good trade to me.
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