North Bay Resources Inc (NBRI)

[Anvil]

Spanky, if the Ruby is going to reopen in April, the company is going to need some working ($100-$200k).

Just my rough calculations, but the Company will be out of cash by end of January. I have not seen an 8k on a restructure of the Ruby note, nor a default, so they have been making the $60k/mo. Payments.

Question is, how will they raise money with the current o/s and need to continue conversions/dilution and a trip zip share price.

New funders are unlikely to fund new money under these conditions and certainly not big dollars.

Lastly, if the Fraser is approved in January, how long till mining starts? With a bigger area, I am sure it will take a different approach than the limited mining that was being done