If you have something intelligent to say, people will listen, if you are here to spread your BS you will be ignored.
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So how long could the approval take. We could have 100k soon.
That is fair. Again this is just my opinion and is not coming from any other source other than my own observation. When Charlie left and it was said for personal reasons that is probably true and I really don't care about the rest of the story.
It is my opinion and observation that Charlie was the who convinced Perry to presell the specimen gold last year and Gary was against the whole idea because Gary knew what the mine situation was and advised against it but Perry did it anyway. When it didn't happen I think Perry started putting more trust in Gary and that is why we now follow more closely to Gary's timeline which is more realistic and tends to be a bit slower then we would like but more realistic under the current conditions. Gary is deliberate in his actions to assure a safe and long future for the mine and us shareholders.
In my opinion I know who is responsible for all the delays and when it came to light they were relieved of their duty and bill Watters is in control now.
Not yet but he came in with both feet hitting the ground running and more has been accomplished since he got there. In my opinion, after meeting everyone there some people that are no longer there are completely responsible for the delays that have occured and in no way is it reflective of Perry's desire to mine the Ruby
I don't know the salaries of Lyla and Cindi but I know Perry talked Lyla out of retirement because of her knowledge and the fact that she grew up mining her whole life and has lived there in grass valley her whole life and knows the territory better then anyone and came to work out of retirement only for Perry and no other reason. She didn't need the money but knew what the Ruby could do.
$180,000.00 a year if I remember correctly but I could be wrong.
I have had a window cleaning business for 20 yrs. have hundreds of customers and when you have that kind of relationships with people and are in there house and in there bedrooms and closets you learn a lot about people and who they say they are and who they really are. I can read a lot about people by just being around them after 20 yrs. who is the only person on this board to be around any of those at the mine.
I read he is being compensated something like $180,000 a year for certain things that had to be accomplished on his terms.
We know what he is paid but do we really know what he is doing. I figured out awhile ago because I let my attitude aside for a moment and read things with an open mind and stopped being a hater and learned.
His salary is not the issue. What he has done is the issue at hand and it takes a keen mind with indifference to look past the obvious to know what is going on. Our future depends in his situation and how it is dealt with from Perry and the shareholders.
Bill Watters is the mine engineer and manager. Came over from the Idaho-Maryland mine in Grass Valley when the mine closed because they couldn't get permitted because of local residence fighting the permit process.
Yippee. Christmas in July. Hope Perry got me a good gift. Gonna have to get a bigger mill to run all this gravel. Go team Leopold.
They keep it alive so they can pay the officers. They have too many irons in the fire. I got out before the first R/S.
Hey, RB, check out and verify all you can about NBRI and you will see they have a real mine you can verify, a CEO that you can verify and you don't have to worry about phony paper work that is forged or doctored up. You know what I'm talking about don't you. Un-audited financials with all kinds of made up numbers. Figured out what I'm talking about yet? How about a CEO that mysteriously disappears and rumors have it his body is found floating in a river in Mexico. Yup , I was in that one too. I got lucky and got out just before the SEC shut them down. That one was a scam, NBRI is the real deal, I even went to the mine in person to verify my investment.
Good decision. Stick around because it's coming regardless of what others think around here. Go NBRI.
Ok so I buy a car for $79.00 and sell it for $60,000 for a profit of 790,000% and they are yuking it up at me. Please explain how they are yuking it up and talking pocket change. Does that mean they should have sold it for more or NBRI ripped them off. I can't figure that one out on a logical basis.
I'm not much on fundamentals but 2.5 mil shares traded looks good to me. Go NBRI.
NBRI hits one of those potato patches and pulls out some nuggets like Best found and watch how quick this goes to $2.50 a share in my lifetime.
Didn't Perry buy a mil shares on the open market that looks to me like it was at the bottom. He's already made money on that purchase. Go NBRI.
780,000 shares traded in an hour. Longs must be hungry to waste their money on this stock or is that new money coming in. Leopold smarter then people give him credit for. Go team Leopold.
Let me see if I understand this right. NBRI gets a claim for $790.00 that is probably worthless cause if it was valuable a real mining company would have claimed it already and we sell it for cash and stock worth $600,000.00 and no one sees the value in that. I guess I need to go back to business school and learn more about how profit works. Go NBRI.
Isn't that deal like 790,000% profit. My math could be wrong but that's one heck of a profit. Go Team Leopold.
Nag, is that double digits like 2 digits to the left of the decimal kind of double digits. I can live with that. Go NBRI.
Like I said. We will come back to this conversation in a couple of months. The numbers you are using are incorrect. We will see where the Ruby is in a few months.
Where have I heard that before that in the middle of the Mother Lode there isn't any gold left. Let's come back to this conversation in a couple months and talk about toxic death being the end of every company.
Junior miners are the future. Do your own DD and take what others say with a grain of salt.
Nothing squashes conversion concerns like gold nuggets. Perry and his business plan has slowly been building a gold mine much to the dismay of many. Go NBRI.
Gitreal, I have been to the mine, made a visit there last November and spent the day with the Geologist and Head miner. The Geology is rough but the infrastructure is already there and the mine tunnel is already there. If you go to the NBRI website and look under videos you will see the video I made of a ride through the tunnel and you can see what a great job NBRI did in the rehab
Cee-it. I like that information. Can I ask where it came from. Did I miss a PR someplace. Thanks.
I hope you're right. I would love to see that. Go NBRI.
I guess someone got screwed in that deal. I'm wondering why NBRI spent money on any of their claims if all the claims worth anything were all bought up by real mining companies. Well let's hope for $.02 a share today so I can get out before this hits trip 0's go NBRI.
They sure did and odds are if gold hadn't tanked to under $250.00 an ounce they would still be there and at the Ruby too but you probably don't agree to that either.
So any claimed filed or any claim staked out anywhere from this point on has to be worthless cause every area anyplace worth anything has already been claimed. I guess that's bad news for any new mining companies. Glad I know that now.
If we get the volume again today I can see this breaking $.02 today.
Do we know how far in from where the black channel raise broke in has already been mined by best and how far it is to unmined channel? Gary needs to post a map of where they are.
Spanky, it only makes sense for Perry to get that claim, if anyone that followed this had any connections with other mining companies that saw the map or read the press release on the gravity survey they would have seen that a new yet unknown channel that runs through the mother lode also goes off the property then someone else might have gone after it. Again, Perry is on top of things and looking out for the future. Go NBRI.
Here is a brief history of the Carson mine as filed on a form 10 from Brush Creek Mining Filed with the SEC on June 30, 1998. Remember, this is from Brush Creek Mining so do not confuse this with NBRI when they reference the term "The Company" The Company in this case is Brush Creek Mining.
CARSON MINE.
The Company owns the Carson Mine which was acquired in July 1990. There are no proven or probable reserves at this mine at this time. The Company's original cost was $2,299,000. The mine is currently idle. The regulatory requirements of this mine are under the same Plan of Operations as for the Ruby Mine: i.e. the Company is waiting for approval from the US Forest Service Renewal three year Plan of Operations. There are no other regulatory permits to make the mine fully operational. The Company fully intends to operate this mine. Current costs for repair and maintenance are $25,000 to remain idle on this mineral property. The cost to become operational is $100,000.
The Carson Mine is located in Sierra County, California, on the western slope of the Sierra Nevada Mountain Range. Access to the Carson Mine is by a two mile dirt road, which connects the Henness Pass Road, an all weather paved road. The nearest large population center is Grass Valley, about 40 miles south of the site. Downieville is located two miles north of the Carson Mine. Allegheny, California is approximately four miles south of the Carson Mine. The Carson Mine, also known as the City of Six Mine, is an underground mine and consists of 21 unpatented lode claims and two unpatented placer claims comprising approximately 550 acres. The Company's investment in this mineral property is $2,242,693 at June 30, 1998, consisting of $2,199,858 of land, and $42,835 of mining equipment. All previously capitalized development costs have been expensed in the Consolidated Statement of Operations for the fiscal year ended June 30, 1997 as a cumulative effect of a change in accounting principle. See "Description of Business" under Part I, Item 1.
The City of Six gravel deposit was discovered at the site of the Carson Mine in the 1850's. The mineral property was operated as a hydraulic pit until 1886, when hydraulic mining was stopped in California by judicial mandate. From 1860 to 1879, the gravel was worked underground by drift mining. Reports from 1879 indicate that a channel had been tunneled from the City of Six pit to Rock Creek, a distance of about one mile.
Work began on the Carson Mine in the mid 1920's. By 1930, two adits had been driven on the Carson Mine vein; the upper adit 925 feet and the lower adit about 2,600 feet. The two adits are separated vertically by 460 feet and on the dip by 500 feet. From 1932 to 1942, a 500 foot raise was constructed from the lower level to the upper level. The raise was used as an ore pass, allowing mineralized material mined on the upper level to be transported from the lower level.
A 30 foot winze is operable in the same areas as the raise. The winze accesses the vein about 25 feet downdip from the upper level. The vein has been drifted on for 60 feet to the south from the winze. A 14-foot cross cut connects the main raise with the winze sub level. The main rise is open from the winze sub level downward, for about 350 feet on the vein. The bottom 125 feet of the raise above the lower level is plugged with mineralized material and muck as is that above the upper level. The underground portion of the mineral property has 20-pound mine rail in good condition.
In the early 1980's, the Carson Mine was sold to Golden Lion Mining Corporation. Golden Lion's work consisted of rehabilitation of the upper adit, construction of a 30 foot winze in the upper adit, and limited stopping both above and below track level in the upper workings. In 1986 and 1987, a 50 tons-per-day gravity circuit mill was constructed on the mineral property. In 1988, Golden Lion Mining Corporation leased the Carson Mine to the Ireland Mining Corporation, which operated the Carson Mine to July of 1990 when it was acquired by the Company.
On July 31, 1990, the Company acquired the Carson Mine, together with the improvements, inventory and equipment located on the mineral property, from Golden Lion Mining for a total consideration of approximately $2,299,000. The consideration paid to Golden Lion Mining consisted of $50,000 cash, an $89,000 promissory note due August 15, 1990, 502,070 shares of common stock, and an agreement to deliver 61.3 ounces of gold bullion by August 1, 1992. In addition, Golden Lion Mining had forward sold 2,000 ounces of gold to four individuals. As further consideration, the Company assumed Golden Lion Mining's forward sell obligation by issuing a total of 781,072 shares of its common stock. Finally, the Company issued 976,000 shares of common stock to Ireland Mining Corporation in consideration for Ireland Mining Corporation terminating its lease and option to purchase the mineral property with Golden Lion Mining.
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All of the unpatented claims in the mineral property package are in good standing with assessment work documents for 1997 filed with both the BLM in Sacramento and Sierra County in Downieville. However, a waste discharge permit is required and a plan of operation must be filed with the U.S. Department of Forestry before full scale mining may begin.
The Carson Mine previously had a 50 tons-per-day gravity flow mill and mill housing which was in need of engineering and structural work to meet current building codes. A large seven-bedroom cabin, a smaller cabin that has been improved and a mobile home are currently located on the Carson Mine mineral property. Although not currently planned for production in the next fiscal year, when the Company does begin production at the Carson Mine it intends to mill the mineralized material at the Ruby mill site. Power at the Carson Mine is supplied by Pacific Gas and Electric Company, a public utility.
The upper level of the Carson Mine is fully supplied and operational for small scale operations. Air and water lines are installed throughout and adequate natural ventilation is assisted by a 12 foot fan. This level is serviced by a 925 foot traced adit, the entire length of which is open. A raise, which was once open to the surface (125 ft.), is present about 600 feet in by the portal. A north-south subdrift is present off the raise for 150 feet.
On July 24, 1990, the Company obtained from an independent mining laboratory 64 channel samples of mineralized material from the Carson Mine. Each sample weighed approximately 25 pounds and had an average width of over 4.6 feet. Samples taken yielded an overall uncut weighted average of 5.45 ounces of gold per ton. These substantial-grade mineralized material shoots were tested in two levels with a distance of 400 feet vertical separation. All of the assays occurred within a strike length of 125 feet. On August 29, 1990, the Company received confirmation of these substantial grades from a separate independent mining laboratory. The confirmation report consisted of nine channel sample checks of mineralized material taken from the Carson Mine. Although no assurances can be given that these substantial grades will continue through the length of the entire vein, the strike length potential of this vein is believed to be 4,100 feet and is thought to extend into additional ground currently controlled by the Company. In order to determine the magnitude of its discovery and to evaluate its findings further the Company has completely mapped and sludge drilled the vein system in the exposed portions of the Carson vein. Because the Company decided to begin production at the Ruby Mine, the Company postponed further development at the Carson Mine.
The Company also has 16 lode claims named the BC Claims which are located on the northern border of the Carson Mines. The Company owns this mineral property subject to the General Mining Law of 1872. The Company acquired its interest in 1990. There are no proven or probable reserves at this mine at this time. The Company's original cost was $4,500. The mine is currently idle. Regulatory requirements before the mine is operational are: Approved Plan of Operations from US Forest Service; Waste Discharge Permit from California Water Quality Control Board; California Dept. of Fish and Game Approval; Northern Sierra Air Quality Board Approval. The Company fully intends to operate this mine. Current costs to repair and maintain idle status is $3,000.
The term "City of Six" is in reference to the original 6 miners that found the mine a days horseback ride south of Downieville. Back in the mid 1800's you had to be very private about where you were mining and the 6 miners had an agreement to never reveal the location of the mine. At one point they pulled a nugget out of there hand dug, hard rock mine that rumor has it was as big as a baby's head and it so scared them for fear of there life it was buried in there camp for years until they could find the courage to take into town when they felt it was safe. There are many references similar to this and the Carson mine throughout history. I love researching history and although it doesn't mean NBRI will find nuggets that big it only shows what has been and what could be. I highly doubt those old miners got all the gold there was to get and all the recent history behind those mines show the same results only to be stopped when the price of gold dropped below $300.00 an ounce. With the current price of Gold going up, mines that had lower grades of ore are now becoming more attractive. More claims have been staked out in the last few years then have been in a long time, doesn't mean they will ever be mined but small time miners are getting back in in hopes of gold staying strong. Theres more to mining stocks then just basic fundamentals. Go NBRI.
The Carson Claim in and of itself probably wasn't worth much as it sits, the cost to put in any kind of infrastructure would have been costly. Where Perry was smart in getting this was because the gravity survey revealed that one of the new channels that previously was not known ran through the Carson claim and at some time in the future that claim can be worked through the Ruby infrastructure. It was a very smart move on Perry's part but some short sighted mining companies would not have seen the potential. There is a rich history behind the Carson mine and the City of Six mine that are all part of this claim. Later I will reference some of the extensive history behind these claims which might give a little insight on the possibilities. Go NBRI.