North Bay Resources Inc (NBRI)

[1manband]

That is not accurate. MX is not going to mine anything, as they admit any mine there would not be profitable at current metal prices.

As of their last interim report, MX had current assets of only $200K more than current liabilities. That is FAR from "plenty of money". They would need to raise tens of millions to complete the required feasibility and environmental studies (which are required to receive their permits). Even if they did have the cash, which they don't, they are YEARS from mining anything there, even assuming it is economically feasible to do so. Which at the present time it is not.

Regardless, NBRI having a small claim nearby is hardly valuable. If it was, all these juniors wouldn't be going out of business. NBRI has nothing of value. Ruby is worthless, as it contains no economically recoverable gold. Assuming there is any gold there at all.