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Re: Huggy Bear post# 90524

Saturday, 01/24/2015 5:08:44 PM

Saturday, January 24, 2015 5:08:44 PM

Post# of 112497
Yes they are! 80% of junior miners (public companies) have neither NI 43-101 resources nor current feasibility studies. Retail investors, funds, private money flow into them based on the quality of their projects, management, geopolitical risk, enviro, social license, metallurgy, geology, hydrogeology, geomechanics etc ... about 100 of them :)

So NBRI's position is not unique. Au contraire the last three years MANY small juniors started mining the high grade part of their mineralization so they went into production WITHOUT having any reserves or a feasib study done (oldtimers did the same). And they make money quarter by quarter and the cash flow positively impacts their sp. So yeah, looking forward to NBRI starting Ruby gold production.