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Re: Phatlander post# 90490

Friday, 01/23/2015 8:02:35 PM

Friday, January 23, 2015 8:02:35 PM

Post# of 112500
"Gold floating just below $1300, where does gold have to be for a profitable JV or resource sale? Or for the Ruby to reopen?"
Unfortunately the POG isn't the problem here. This past year NBRI probably could have made more money giving mine tours than they got from the gold produced. Mining pillars, sampling this 'n that. NBRI never really had the money to do all the subsidiary stuff. They needed to get into their primary target, the Black Channel, and mine it. Incredible screwup or elaborate scam...your guess is as good as mine at this point.