North Bay Resources Inc (NBRI)

[Cee-It]

IMO, the rate of decline of NBRI share price has been far too severe. It should have been a decline over the past two years, but not a decline of this magnitude. In fact, I've done some analysis that suggests that using the proceeds from NBRI's recent claim sale as funds to BUY BACK NBRI shares would have a very significant effect on the market and in a short amount of time it could greatly reduce the overall effects of dilution.

I'm not suggesting this BUY BACK strategy will be adopted or even considered; but, the analysis does show there are many remaining strategies that can quickly settle the situation and start the restoration of value per share in the marketplace.

People are forecasting future dilution based on continued trends of quarterly expenses; but, when mines are not being explored by miners why would those expenses remain at recent levels?

All of this is evidence of over-reaction and panic selling IMO. I'm going to continue to buy and believe there is a much better pps coming in the future.