North Bay Resources Inc (NBRI)

[Anvil]

By the time those shares were registered, the share price had fallen so much, it only would have netted approximately $5k.

But in regards to the liquidity issue, I did a quick review of the filings. As of 9/30/14, and this includes Ximen ($100k cash $100k stock):

Cash $163k
A/R $30k
A/P ($38k)

Net $155k

The only new money since then was $24.2k from Tangiers in October. So at best, if the company paid nothing since 9/30, the most cash on hand is $179.2k.

If the monthly burn rate is $75k, that $179k is exhausted.

Now I realize that Ximen will be making a payment in mid-January, it is only $50k cash. Ximen appears pleased with drilling results on Brett per PR's but the bulk sample don't impress me at under a gram per ton.

Regardless, the 217,391 Ximen shares are now valued at $39k/$.18 per share. And volume is low.

And the last liquid asset, Caribu, isn't even worth mentioning as those 500k shares were reverse 1:15 or 33k shares @ $.05 or $1,666.

JMO, something has to happen in the next 30 days. I fully expect a restructure of Ruby note by year with a fee tacked onto the balance like they did last time. I think that was a $150k fee.