I don't know but I been told it's hard to run with the weight of gold Other hand I heard it said it's just as hard with the weight of lead
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It makes me wonder what affect it will have on nbri and the Fraser river project.
The dilution associated with the offering at the current share price as well as potential decrease in share price by as much as 75% is as follows:
http://www.sec.gov/Archives/edgar/data/1450524/000118518514001990/northbay424b3-080614.htm#dilution
On October 7, 2009 we entered into the Securities Purchase Agreement which provides that, upon the terms and subject to the conditions and limitations set forth therein, Tangiers is committed to purchase up to an aggregate of $10 million of our shares of common stock over the term of the Securities Purchase Agreement. In consideration for entering into the Securities Purchase Agreement, concurrently with the execution of the Securities Purchase Agreement, we issued to Tangiers the 6,569,147 shares of our common stock on October 7, 2009, as a commitment fee. Concurrently with entering into the Securities Purchase Agreement, we also entered into the Registration Rights Agreement, in which we agreed to file one or more registration statements as permissible and necessary to register under the Securities Act for the sale of the shares of our common stock that have been and may be issued to Tangiers under the Securities Purchase Agreement.
As of the date of this prospectus, there were 208,682,184 shares of our common stock outstanding (185,737,066 shares held by non-affiliates) excluding the 55,519,864 shares offered herein that may be issued to Tangiers pursuant to the Securities Purchase Agreement. If all of such 55,519,864 shares of our common stock offered hereby were issued and outstanding as of the date hereof, such shares would represent 26.6% of the total common stock outstanding or 29.9% of the non-affiliate shares of common stock outstanding as of the date hereof. The number of shares of our common stock ultimately offered for sale by Tangiers is dependent upon the number of shares purchased by Tangiers under the Securities Purchase Agreement.
Pursuant to the Securities Purchase Agreement, as amended, and the Registration Rights Agreement, we are registering with this Registration Statement of which this prospectus is a part 55,519,864 shares of our common stock under the Securities Act, which we may issue to Tangiers after this Registration Statement is declared effective under the Securities Act. All 55,519,864 shares of common stock are being offered pursuant to this prospectus.
http://www.sec.gov/Archives/edgar/data/1450524/000118518514001990/northbay424b3-080614.htm
This prospectus relates to the sale of up to 55,519,864 shares of our common stock by Tangiers Investors LP (“Tangiers”). The prices at which the selling stockholder may sell the shares will be determined by the prevailing market price for the shares or in negotiated transactions. We will not receive proceeds from the sale of the shares by the selling stockholder. However, we may receive proceeds of up to approximately $749,518 from the sale of our common stock to the selling stockholder, pursuant to a Securities Purchase Agreement, as amended, entered into with the selling stockholder on October 7, 2009 (“Securities Purchase Agreement”), once the registration statement (“Registration Statement”), of which this prospectus is a part, is declared effective.
The shares offered include up to 55,519,864 shares of common stock which may be sold from time to time to Tangiers up to 60 months from the initial effective date of January 24, 2011. The shares covered herein are only a portion of the shares covered by the Securities Purchase Agreement. The remaining shares that are subject of this agreement may be included in future registration statements at our option
http://www.sec.gov/Archives/edgar/data/1450524/000118518514001990/northbay424b3-080614.htm
gold 1311.30
bid 0.0102 x80,000 ask 0.0103 x42,000
That's why I rely on experts for information, not only do they have degrees in their field, they have experience and a working knowledge of what they are talking about. They don't call them experts for the hell of it.
GO NBRI
I guess etrade has it wrong or something
Shares Outstanding 182.9 M is what shows on the nbri page
either way it is still below 200 M which is really good for us and any start up miner especially one that is on the cusp of producing a lot of gold.
Best was mining, we were not in that same amount of time pretty obvious really, what was going on? Ooh I don't know rehabbing the mine and improving it's infrastructure. All of that info has been available for years now how people forget it is beyond me.
http://www.marketwired.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=3306fd9c-1729-4b64-ad6e-6753f00bbc2d
Plenty of facts to find at the link provided about what has been going on, and as a bonus it's all in plain English.
The guess on cost are wrong. I'm not going to lead a horse to water because we all know where the information is by now.
Canadians Can’t Drink Their Water After 1.3 Billion Gallons Of Mining Waste Flows Into Rivers
Hundreds of people in British Columbia can’t use their water after more than a billion gallons of mining waste spilled into rivers and creeks in the province’s Cariboo region.
A breach in a tailings pond from the open-pit Mount Polley copper and gold mine sent five million cubic meters (1.3 billion gallons) of slurry gushing into Hazeltine Creek in B.C. That’s the equivalent of 2,000 Olympic swimming pools of waste, the CBC reports. Tailings ponds from mineral mines store a mix of water, chemicals and ground-up minerals left over from mining operations.
The flow of the mining waste, which can contain things like arsenic, mercury, and sulfur, uprooted trees on its way to the creek and forced a water ban for about 300 people who live in the region. That number could grow, as authorities determine just how far the waste has traveled. The cause of the breach is still unknown.
So far, water-use bans have been issued for the town of Likely and for people living near Polley Lake, Quesnel Lake, Hazeltine Creek (which flows into Quesnel Lake), and Cariboo Creek, as well as the Quesnel and Cariboo River systems. Authorities so far haven’t issued water bans for the Fraser River — B.C.’s longest river — which is linked to the Quesnel River, (which flows from Quesnel Lake) saying it’s not yet clear whether the effluent has made it to the waterway.
“What we know so far is that debris from the tailings pond backed up a little into Polley Lake, which absorbed some of the flow, but the majority of it went down into the Hazeltine Creek,” Al Richmond, chairman of the Cariboo Regional District told the Vancouver Sun. “The creek (used to be) four feet wide. Now it’s 150 feet wide.”
The region is sparsely populated, which makes emergency response difficult — Richmond told the Vancouver Sun that only four people from the region’s volunteer fire department were able to act as first responders to the disaster. Right now, authorities are working to test all waterways for contamination, a process that Richmond said he hopes will take no more than 48 hours. Richmond also said he didn’t know whether or not the spill had been contained.
“The potential long-term impact to waterways, the watershed and roads is huge,” he said.
Chief Anne Louie from the Williams Lake Indian band agreed, telling the Vancouver Sun that the spill was a “massive environmental disaster.” Residents have reported seeing dead fish washing up from Polley Lake, a body of water that one resident described as “milky green.” Robin Hood, president of the Likely Chamber of Commerce, told the Province that the spill was a “big disaster” for his town and that it poses a major risk to the region’s salmon-spawning grounds.
The spill may be a disaster, but it wasn’t entirely a surprise. The Vancouver Sun reports that concerns about the Mount Polley tailings pond date back to 2011, when an environmental consulting firm put together a report for the B.C. Ministry of the Environment. The report called for an emergency plan for spills such as this and said the pond should be monitored.
“The tailings pond was filling out and they needed to get rid of the water,” Brian Olding of the firm that completed the study said. “The walls were getting too high and the water was getting too high….it appeared from a common sense point of view that you could not continue to build that up higher and higher.”
Tailings ponds — both from mineral mines like the one in B.C. and from tar sands mining operations — pose risks that reach beyond the threat of spills. Tar sands tailings ponds can be deadly for birds that land on them, mistaking them for bodies of water. Earlier this year, a study found that about 200,000 birds land on tailings ponds every year, despite oil companies’ attempts to keep them off. Another study this year found that toxic water from tar sands tailings ponds in Alberta was leaching into groundwater and polluting the Athabasca River.
http://thinkprogress.org/climate/2014/08/05/3467611/bc-water-tailings-pond-breach/
Canadians Can’t Drink Their Water After 1.3 Billion Gallons Of Mining Waste Flows Into Rivers
Hundreds of people in British Columbia can’t use their water after more than a billion gallons of mining waste spilled into rivers and creeks in the province’s Cariboo region.
A breach in a tailings pond from the open-pit Mount Polley copper and gold mine sent five million cubic meters (1.3 billion gallons) of slurry gushing into Hazeltine Creek in B.C. That’s the equivalent of 2,000 Olympic swimming pools of waste, the CBC reports. Tailings ponds from mineral mines store a mix of water, chemicals and ground-up minerals left over from mining operations.
The flow of the mining waste, which can contain things like arsenic, mercury, and sulfur, uprooted trees on its way to the creek and forced a water ban for about 300 people who live in the region. That number could grow, as authorities determine just how far the waste has traveled. The cause of the breach is still unknown.
So far, water-use bans have been issued for the town of Likely and for people living near Polley Lake, Quesnel Lake, Hazeltine Creek (which flows into Quesnel Lake), and Cariboo Creek, as well as the Quesnel and Cariboo River systems. Authorities so far haven’t issued water bans for the Fraser River — B.C.’s longest river — which is linked to the Quesnel River, (which flows from Quesnel Lake) saying it’s not yet clear whether the effluent has made it to the waterway.
“What we know so far is that debris from the tailings pond backed up a little into Polley Lake, which absorbed some of the flow, but the majority of it went down into the Hazeltine Creek,” Al Richmond, chairman of the Cariboo Regional District told the Vancouver Sun. “The creek (used to be) four feet wide. Now it’s 150 feet wide.”
The region is sparsely populated, which makes emergency response difficult — Richmond told the Vancouver Sun that only four people from the region’s volunteer fire department were able to act as first responders to the disaster. Right now, authorities are working to test all waterways for contamination, a process that Richmond said he hopes will take no more than 48 hours. Richmond also said he didn’t know whether or not the spill had been contained.
“The potential long-term impact to waterways, the watershed and roads is huge,” he said.
Chief Anne Louie from the Williams Lake Indian band agreed, telling the Vancouver Sun that the spill was a “massive environmental disaster.” Residents have reported seeing dead fish washing up from Polley Lake, a body of water that one resident described as “milky green.” Robin Hood, president of the Likely Chamber of Commerce, told the Province that the spill was a “big disaster” for his town and that it poses a major risk to the region’s salmon-spawning grounds.
The spill may be a disaster, but it wasn’t entirely a surprise. The Vancouver Sun reports that concerns about the Mount Polley tailings pond date back to 2011, when an environmental consulting firm put together a report for the B.C. Ministry of the Environment. The report called for an emergency plan for spills such as this and said the pond should be monitored.
“The tailings pond was filling out and they needed to get rid of the water,” Brian Olding of the firm that completed the study said. “The walls were getting too high and the water was getting too high….it appeared from a common sense point of view that you could not continue to build that up higher and higher.”
Tailings ponds — both from mineral mines like the one in B.C. and from tar sands mining operations — pose risks that reach beyond the threat of spills. Tar sands tailings ponds can be deadly for birds that land on them, mistaking them for bodies of water. Earlier this year, a study found that about 200,000 birds land on tailings ponds every year, despite oil companies’ attempts to keep them off. Another study this year found that toxic water from tar sands tailings ponds in Alberta was leaching into groundwater and polluting the Athabasca River.
http://thinkprogress.org/climate/2014/08/05/3467611/bc-water-tailings-pond-breach/
That is wrong that is not the cost. Sorry try again...
There would be an approval notice on the same edgar page then maybe they could put it on hold
No it has not been put on hold they have not filled another Registration Withdrawal Request. since the filling of form
s-1 General form for registration of securities under the Securities Act of 1933 5-1-2014.
it's there in black and white on the edgar site
which was just posted here TODAY
http://www.sec.gov/cgi-bin/browse-edgar?company=ruby+gold&owner=exclude&action=getcompany
What would that accomplish? Do you not think Perry wants to start bulk sampling asap? They are working as fast and as safe as possible to do just that, no email or suggestion will bring them any closer to production.
etrade - Shares Outstanding 182.9 M
0.0115 x100,000 ------ 0.0116 x10,000
www.marketwired.com? they release press for nbri
("North Bay" or the "Company") is pleased to issue the following progress report of the work ongoing at the Ruby Mine in Sierra County, California, where visible gold has been found and confirmed in the newly-discovered South Terrace.
As previously announced in a Company press release dated July 17, 2014, the recent underground drilling program at the Ruby Mine intersected buried river gravels in 3 vertical drill holes spaced approximately 150 feet apart, for a total expanse of at least 300 feet. The gravels are located approximately 60 feet above the adit level and 25 feet above the base of the White Channel, which is located about 100 feet away. The gravels are interpreted to be on a terrace or bench on the south rim of the White Channel. In the 1880's, a terrace on the north side of the White Channel, at the same elevation as the recently discovered terrace, was successfully mined for gold. The two terraces are interpreted to be of the same age, and have been designated the North and South Terraces, with the South Terrace being previously unknown and unmined. A raise to access the South Terrace is currently under construction.
Concurrent with the start of the raise construction, a successful attempt was made to reenter drill hole C-2, which penetrated the South Terrace at the lowest elevation and remains open. The goal was to collect a larger sample of the terrace gravels than was collected during drilling. Using a string of one-inch diameter PVC pipe fitted with a 90-degree nozzle at the top and a water fitting at the bottom, the pipe was fed into the drill hole length by length until the top of the basement rocks was reached. Water was then pumped through the pipe, washing sand and gravel back down the hole where 5 pounds of material was collected and recovered. The coarser material was found to include rounded quartz and chert cobbles to 2 inches in diameter, the largest material that could fit in the drill hole and pass by the PVC pipe. The recovered sand and gravel was then carefully panned, and several small pieces of visible gold were found. The gold was elongated and little rounded, indicating that it has not traveled far from its source. Arsenopyrite and small quartz crystals were also abundant in heavy fraction.
The clear evidence of visible gold in the 5-pound sample demonstrates that gold is indeed present in the South Terrace, similar to the records for the North Terrace. While bulk sampling will need to be done once the raise is completed before the South Terrace can be determined to contain an economically recoverable resource, this is encouraging news that provides additional justification to complete the new exploratory raise at C-2 into the South Terrace and allow these previously unknown and unmined gravels to be bulk sampled.
In other news, exploration work in the southern extent of the Black Channel began in early July, and approximately 2 ounces of specimen gold have been recovered from approximately 3 tons of loose material aggregated from various locations. Several of the larger nuggets have been appraised as jewelers grade and are expected to be sold for a substantial premium over spot prices. As well, exploration and bulk sampling in the White Channel has resumed, and approximately 2 additional ounces of gold has been recovered thus far.
We also report that the Big Bend Raise is presently undergoing additional engineering work that is deemed necessary to secure the accessway. Work in the northern extent of the Black Channel is on hold until this work is completed and the raise is fully operational.
At the end of July we expect to make our first shipment of gold to our refiner, Metalor USA. This will consist of 3.2 ounces of fine gold recovered from both the White Channel and the Black Channel, which will allow us to determine an initial baseline average purity of the fine gold produced from the Ruby. Another 3.08 ounces of specimen gold recovered thus far has been set aside to build inventory for sale at premium prices to local jewelers and collectors.
Mr. C. Gary Clifton, P.Geo., is the Company's independent consulting geologist for the Ruby Gold Project. Mr. Clifton is a Qualified Person as defined by National Instrument 43-101, and has reviewed this press release for technical accuracy.
About The Ruby Gold Project
The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 350,000 ounces of gold since the 1850's, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 2,312 contiguous acres, only a small portion of which has been explored to date. The property consists of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 59 unpatented claims containing approximately 1,877 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information on the Ruby Mine, please visit the Ruby page on the North Bay website at http://www.northbayresources.com/ruby/.
I don't know I was not in attendance at the latest meeting with the first nations so it could be more studies or it could be finalizing for approval, we shall see.
So it was just a your opinion that this deal between NBRI and Ximen will be forgotten and not based on anything factual. Thanks for clearing that up. Realistically it should go through then since I can find no reason that it should not, and these types of transactions happen all the time.
GLTY
We are still waiting for a link to verify that this deal between NBRI and Ximen will fall apart. I have been looking but can not find anything that says otherwise. It seems like a straight forward sale of property between two companies and I see no reason to think it will not happen, because it happens all the time. The only reason I ask is I like to deal in verifiable facts in order to make the best possible decision when involved with stocks.
Seems like a common sense approach to looking at NBRI or any company.
The facts are Nbri has made huge progress to get where they are today and yes it has had an affect on the pps but unfortunately growing pains are a necessary evil in this environment. From the looks of all the progress the miners are about to get into some serious gold in several locations. Those with the understanding and fortitude to hang in and even buy more on the way down will be greatly rewarded imo. Thanks for your post I enjoy reading common sense and fact based opinions. GLTY
and GO NBRI
Good to hear. I realize that they are not perfect but I can see the progress made and it makes it possible for future success to be achieved. Glty
Seems to me that they have been making progress toward a long term mining situation.
From another post:
I hope this is just the beginning of many more green days!
GO NBRI
NBRI is not a ship but a mining company about to produce a lot more gold than they have been putting up on their website.
Here's a link to some good info about your comparison about being unsinkable:
http://www.snopes.com/history/titanic/unsinkable.asp
Mr. C. Gary Clifton, P.Geo., is the Company's independent consulting geologist for the Ruby Gold Project. Mr. Clifton is a Qualified Person as defined by National Instrument 43-101
I know what the os is. still under 200mil
I guess someone did not see the very positive pr that came out.
Seems to me some people are feeling it with around 4000 shareholders!
GO NBRI
Nice morning ask slapping, I hope it continues throughout the day.
Funny how all the information is there for everyone to see but so many choose not acknowledge it.