is...looking for nuts
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Please read the filings to get the FACTS before making assumptions.
The 10K shows in 2013 alone Leopold generated $243,499 for the company in income from claim sales. Since 2006 he has been responsible for $780,892 in income from claim sales and joint ventures. Its right there on the statement of operations if you just read it. GLTY
Nah we get the pits. Aint no shafts at Relief Canyon. lol
Running in place is surely an understatement. Weve been trading in a 5 cent range for over a year now. lol.
Its in the SEC instructions to 8-K http://www.sec.gov/about/forms/form8-k.pdf
Yeah ole Mr Best prolly conspired to start WW II after cleaning out all the nuggets for an excuse to stop mining and tell everyone how he wished he could get back in there. Very pragmatic too. lol
Just once Id like these guys to actually name the geologist and give his credentials. Has never happened that I can see.
Fluff pr today is sad. They say they bought some old maps for $1000 in stock. Big whoop. Must realy be valuable. lol.
Whats the big deal? The schedule prolly came from the mine engineer who made a best guess of 8 weeks. Thats not a deadline just an estimate. Bottom line is their gettin it done. Peeps need to lighten up already. lol.
What you dont know is whether NBRI was offered the EB5 and turned it down after spending a few million of their own money. If they took the money they had to give up 40% of the Ruby. Not in stock but in ownership. Thats still dilutive just not in shares but future cash flow. Prolly why they decided to spin off RGI and give 40% to the shareholders. I dont think the number 40% is a coincidence imo.
Incorrect. The income statement shows over $780,000 in income (revenue) from claim sales and JVs. The balance sheet shows most of the liabilities are the secured mortgage on the Ruby Mine. The accrued expenses are the deferred salary owed to the CEO that wont get paid until NBRI is profitable and if you know anything about GAAP accounting the derivative liabilities are a bogus illusion that go poof when the convertible notes are paid off. Anything else?
Has the stock been halted? No volume today. Delisted to the pinks too.
Agreed. There is no evidence anywhere that NBRI is behind any of the shenanigans that goes on here on the message boards. Like the CEO said the stock and the company are 2 different things.
Nada. I was checking back here for your visit report. I have a bad feeling their out of money and are on life support.
Do you have a link for this alert? I dont see it anywhere.
Please read the filings
The last 10Q says:
NBRI has an office in California and maybe one in Canada too.
What the CEO is supposed to be paid and what he actually draws are two different things. Its spelled out in the 10K. GLTU.
Strange he resigned from pacm and not pcfg. Maybe their gettin ready to sell the shell and do a reverse merger. Betcha it becomes a pot company. lol.
SEC Warns Investors About Marijuana-Related Investments Amid Recent Trading Suspensions
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541842876
No mention of VMGI but you know from this their being watched.
Please do! The lack of news from SGM is troubling.
You could have had 50 powerball tix. And maybe better odds.
Time for another R/S? LOL!
I noticed something different with the notes this year. None of them cept for the one with .08 have ceiling prices. That means these notes can be virtuous debt as opposed to toxic. The higher the pps goes the fewer shares are issued. If they start producing gold these notes will be meaningless. The funds from the notes are paving the way for future revenue. Funny that peeps worry about where theyll get the money to keep going n when they get the money peeps complain that there is a cost. Aint no free lunch folks. The good news is they seem to have no trouble getting more funding. Not many juniors can say that.
Wow. Another 7 (seven!!!) shares traded today. Seriously? Seriously? Waiting for the pr that the shell has been sold to a medical marijuana play. They missed the bitcoin splurge so maybe theyll cash in on this one.
Very sad. No hope here at all.
Please read the NBRI filings.
Stop recycling old NBRI news as if unaware of the answer.
This was settled with Tangiers last year.
Funny how different peeps read the same thing and see it differently. NBRI said the raise in the black channel is close to completion. Thats the real news IMO. They said 2 months ago it would take around 2 more months so theyre pretty much on schedule. They also said all along the black channel was their main target. The drilling everyone is nuts about is to test some of Cliftons theories while the main work to get into the black channel kept truckin along. If the drilling shows some results its icing on the cake. The black channel is the cake. Ditto the white channel thing. It would have been gangbusters if that worked out but it wasnt the main target their after. I see no blunders or delays but more like steady progess to a goal while taking some calculated risks along the way to test some other possibilities.
If you want to see what delays and blunders look like I know a mine just down the road that theyve been trying to open for over 10 years and have spent over $20M with nothing to show for it. Nada. Compared to other mine openings the Ruby is being done in lightening speed. Believe it or not.
New vid clip on the NBRI website coming from Youtube.
More like $1,040.
Great. Another year. I thought Relief Canyon was shovel ready from day 1? My bad.
Peeps here keep ignoring the fact that permits are issued for mining plans filed with the gubmit and when those plans change a new permit has to get issued. The original mining plan concocted by Pete Wright was to dig a bunch of 2x2x2 test pits. You cant do much mining going 2x2x2 at a time. They changed the plan to do a single large pit. Thats the right way to open a mine imo.
Peeps also forget that NBRI is not the operator. The JV partner is in charge of operations and paying for it on their dime. They call the shots not NBRI.
What the freak? In the last 10 sessions theres 2 days where a whopping 4 shares traded and one where 5 shares traded. LOL! Who buys (or sells) 4 or 5 shares? This is becoming an X-file.
Wazzat? Somehow 4 shares were traded today while the market was closed? That Easter Bunny is a wascawy wabbit.
The real question is who is doing the selling that BH is buying? There seems to be an endless supply of paper for sale at this price.
Prolly unfair to quote from an interview in 2011 before they acquired the mine and started work. Leopold explained what happened next last summer.
The geo is an independent 3rd party so hes prolly not a company employee imo.
Agreed. $700 an ounce for a .65 g/t deposit looks impossible. Would like to see a link to that $700/oz cost.
Link please.
Does anyone know their all in cost per ounce? @ 0.65 grams theyll need to mine almost 50 tons to get one oz. Unless the POG goes higher it doesnt sound like RC would be profitable?