North Bay Resources Inc (NBRI)

[Cee-It]

When I grew up, one of the wealthiest people in our small town was the owner of the local junk yard. I went to disposal dumpsters of small construction sites and local businesses; and I pulled out copper, old motors and even some iron and hauled them in my wagon to the junk yard where I received 16 cents a pound for copper and much less for the iron; but, overall I would leave with about $4 to $10 in my pocket and a chance to be able to buy some soda and candy or go to a movie. My grandfather owned stock in the glass factory that blew up across the river. He refused to sell at the loss that most people took and two years later he recovered a profit on his investment when a larger company purchased the ruins and rebuilt a chemical plant on the site.

With the right strategy and circumstances the money I have invested in NBRI will eventually pay a very nice return IMO. Perhaps not the 1,000 to 1 that I once hoped, but certainly a profitable and worthwhile return on investment. Selling now is nonsense. You would be selling at a fraction of reasonable evaluated net worth under almost any means of evaluation.

Most traders in penny stock are not patient investors and don't care about the substance of the company or its management. Hence, most buyers are not seeing value and most owners are trying to move on and sell out. Just as a real estate property can drop to unrealistic low prices due to a lack of demand and reasoning, so do stock prices at time. Just as that same real estate property can later jump to unexpectedly high value without any changes or improvements, just based on more realistic information and demand, so can stock prices.