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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NBRI Moving up today
0.018 ? 0.0035 (24.14%)
Volume: 632,317
look at all those buys!
http://ih.advfn.com/p.php?pid=trades&symbol=NBRI
462,817 early volume
North Bay Resources Inc. (NBRI) Achieves Successful Breakthrough Into Big Bend Section of Black Channel
SKIPPACK, PA--(Marketwired - Jun 10, 2014) - North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") is pleased to report that access to the Big Bend section of the Black Channel has been achieved, as the Big Bend Bypass Raise has broken through into the Black Channel gravels.
The Big Bend section of the Black Channel is the area of the Ruby Mine where we believe the most spectacular nuggets ever to come out of the California Mother Lode were recovered by C.L. Best in the period just prior to when the Ruby was ordered closed by the US government during WWII. To the best of our knowledge, no mining has occurred in this area since the 1940's. Prior operators principally worked the southern section of the Black Channel in the area of the 109 Raise, as well as the Lawry Shaft area to the north. The Big Bend lies in between these two locations, and with access to it, several other known mining targets in close proximity to the Big Bend also become available to us, including the areas known as the Pilot Channel, Sally's Alley, and the Mt. Vernon Channel.
The Big Bend Bypass Raise is now being securely linked and integrated into the existing Black Channel workings, and will provide a direct connection and accessway between the main Ruby Tunnel haulageway and the upstream Black Channel workings just north of the Big Bend area.
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/.
About North Bay Resources Inc.
North Bay Resources Inc. (OTCQB: NBRI) is a fully-reporting junior mining company with current operations in the US and Canada.
In the US, the Company's subsidiary, Ruby Gold, Inc., owns and operates the Ruby Mine in Sierra County, California. The Ruby Mine is a fully-permitted underground placer and lode mine located in the northern extension of the historic Mother Lode system. The Ruby is known to have produced over 350,000 ounces of gold since the 1850's, including some of the most spectacular gold nuggets on record. The Ruby Property covers approximately 2,312 acres, only a small portion of which has been explored to date.
In British Columbia, the Company holds 100% ownership of a multitude of significant mining properties. These include two gold-platinum placers, the Fraser River Project and the Monte Cristo, and lode projects such as the advanced-stage Mount Washington Project on Vancouver Island, the Brett West/Bouleau Creek Gold project near Vernon BC, the Coronation Gold project in the historic Slocan Mining district, and the Tulameen Platinum Project near Princeton, BC. In addition to its many precious metal projects, the Company also owns additional prospective projects that host strategic mineral resources such as Vanadium, Crystalline Flake Graphite, Olivine, and Rare Earth Elements (REE).
The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
Additional information on the Company's many properties and ongoing projects is available at the Company website at http://www.northbayresources.com.
The Big Bend section of the Black Channel is the area of the Ruby Mine where we believe the most spectacular nuggets ever to come out of the California Mother Lode were recovered by C.L. Best in the period just prior to when the Ruby was ordered closed by the US government during WWII. To the best of our knowledge, no mining has occurred in this area since the 1940's.
North Bay Resources Inc. (NBRI) Achieves Successful Breakthrough Into Big Bend Section of Black Channel
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North Bay Resources Inc. (NBRI) Achieves Successful Breakthrough Into Big Bend Section of Black Channel
SKIPPACK, PA--(Marketwired - Jun 10, 2014) - North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") is pleased to report that access to the Big Bend section of the Black Channel has been achieved, as the Big Bend Bypass Raise has broken through into the Black Channel gravels.
The Big Bend section of the Black Channel is the area of the Ruby Mine where we believe the most spectacular nuggets ever to come out of the California Mother Lode were recovered by C.L. Best in the period just prior to when the Ruby was ordered closed by the US government during WWII. To the best of our knowledge, no mining has occurred in this area since the 1940's. Prior operators principally worked the southern section of the Black Channel in the area of the 109 Raise, as well as the Lawry Shaft area to the north. The Big Bend lies in between these two locations, and with access to it, several other known mining targets in close proximity to the Big Bend also become available to us, including the areas known as the Pilot Channel, Sally's Alley, and the Mt. Vernon Channel.
The Big Bend Bypass Raise is now being securely linked and integrated into the existing Black Channel workings, and will provide a direct connection and accessway between the main Ruby Tunnel haulageway and the upstream Black Channel workings just north of the Big Bend area.
MktCap lower than the value of the Ruby Mine.
But NBRI has The Carson Mine and,
many other projects
Rachel: Salmo, BC (Gold, Silver)
Argo Gold: Tatlayako Lake, BC (Gold, Silver)
Coronation Gold: Slocan, BC (Gold, Silver, Lead, Zinc)
Pinnacle Gold: Pilldolla Creek, BC (Gold, Silver, Copper)
Loughborough Gold: Loughborough Inlet, BC (Gold, Silver)
Granite Creek Platinum: Tulameen, BC (Platinum, Palladium, Iridium, Rhodium )
Lynx Gold: Vernon, BC (Gold, Silver)
Cherry Gold: Vernon, BC (Gold, Silver)
Lancers Mountain Gold: Lancers Mtn, BC (Gold, Silver, Lead, Zinc, Molybdenum)
New Eskay Creek: Stewart, BC (Gold, Silver)
Truax Gold: Bralorne, BC (Gold, Silver)
Pine River Vanadium: Pine River, BC (Vanadium)
Zippa Mountain Wollastonite: Iskut River, BC (Wollastonite)
Zeballos Gold: Zeballos, BC (Gold, Silver)
Crescent REE: Crescent Valley, BC (Niobium, Tantalum, REE)
Wow that's a bunch of shares! GLTY your future looks BRIGHT!
GO NBRI
Perry is working his plan despite what anyone else thinks NBRI is moving forward and production is NEAR. At least that's what the experts say. Like the experienced geologist that have credentials that NBRI uses. They are opinions but opinions based on years of mining experience, not armchair CEO's.
That's the one; didn't we have less than $500 into that property?
How much profit did we make on one of our B.C. claims that we recently sold?
I seem to remember it was in the hundreds of thousands of dollars.
Does anyone have the numbers on that?
GO NBRI
spot on!
lmao personal "LOANS" for gold mining. How many jr. miners are getting loans now? Seems financing is hard to come buy in this sector.
So who would loan someone money to start a gold mining company find me a bank willing to do that and I will start tomorrow!
Adding at these levels is wise, nbri is so undervalued.
Perry has the ducks in a row and soon the gold will flow.
GO NBRI/RGI
First Majestic Silver focused on silver production in México with 4 producing mines.
Website: http://www.firstmajestic.com/s/Home.asp
First Majestic Reports First Quarter Financial Results http://ih.advfn.com/p.php?pid=nmona&article=62189447
* Q1 2014 Silver Ounces Produced 2,895,497
* Revenues ($ millions) $65.3
nbri Extremely Undervalued Mining the Ruby Mines famous Black Channel this summer.
MktCap lower than the value of the Ruby Mine.
But NBRI has The Carson Mine and,
many other projects
Rachel: Salmo, BC (Gold, Silver)
Argo Gold: Tatlayako Lake, BC (Gold, Silver)
Coronation Gold: Slocan, BC (Gold, Silver, Lead, Zinc)
Pinnacle Gold: Pilldolla Creek, BC (Gold, Silver, Copper)
Loughborough Gold: Loughborough Inlet, BC (Gold, Silver)
Granite Creek Platinum: Tulameen, BC (Platinum, Palladium, Iridium, Rhodium )
Lynx Gold: Vernon, BC (Gold, Silver)
Cherry Gold: Vernon, BC (Gold, Silver)
Lancers Mountain Gold: Lancers Mtn, BC (Gold, Silver, Lead, Zinc, Molybdenum)
New Eskay Creek: Stewart, BC (Gold, Silver)
Truax Gold: Bralorne, BC (Gold, Silver)
Pine River Vanadium: Pine River, BC (Vanadium)
Zippa Mountain Wollastonite: Iskut River, BC (Wollastonite)
Zeballos Gold: Zeballos, BC (Gold, Silver)
Crescent REE: Crescent Valley, BC (Niobium, Tantalum, REE)
Lenders could care less about the story their profits have already been agreed to. They do not hold and wait to sell. They follow the terms of the agreement because they are out to make a profit not take risk.
$$$$$$$$ NBRI $$$$$$$$
some company's do use them for dilution. however they are a regular mm company just like nite usbss and the rest. vfin and hdsn are used for dilution more then most but all mm company's are used for dilution.
February 2006, Mr. Leopold was engaged as CEO
Ron Paul’s latest update on gold:
http://www.campaignforliberty.org/videos/ron-paul-gold-update/
Ruby Gold, Inc. engages in mining of gold. The company is based in California. Ruby Gold, Inc. operates as a subsidiary of North Bay Resources, Inc.
970 e main st. suite 200
Grass Valley, CA 95949
United States
It could be the Chinese hehehe
Wow there sure are a lot of people saying there is gold. It's just amazing that someone could get those geology experts to say so. The lengths some will go just to get folks to believe.
I guess if folks don't trust the experts then they have no
factual basis to go on.
Authorized Shares: 250,000,000
Shares Outstanding: 167,680,441 as of May 22, 2014
Float: 135,142,030 as of May 22, 2014
If that's what your take is on that good for you, but there is much more to this story... gltu
I realize some folks don't care about the history of the Ruby but in order to discuss the Ruby mine in any real detail it certainly can not be over looked. At some point it becomes hard to believe that some that have been here for years have not read this page:
http://www.northbayresources.com/ruby/
The Ruby is one of California's best-known placer drift mines, and is considered by many to be one of the largest producing channel mines of modern times. It features a system of gold-bearing Tertiary channels that have already produced over 350,000 ounces of gold. The Ruby is also renowned for its production of coarse and jewelers-grade gold, with the largest gold nugget weighing 201 ounces. Gold nuggets from the Ruby are currently on display as the C.L. Best Collection at the Los Angeles County Museum of Natural History.
The Ruby is known to have produced over 350,000 ounces of gold since the 1850's, including some of the most spectacular gold nuggets on record. The Ruby Property covers approximately 2,255 acres, only a small portion of which has been explored to date. The Company is presently rehabilitating the Ruby Tunnel, and expects to begin mining operations upon its completion.
The Ruby is one of California's best-known placer drift mines, and is considered by many to be one of the largest producing channel mines of modern times. It features a system of gold-bearing Tertiary channels that have already produced over 350,000 ounces of gold. The Ruby is also renowned for its production of coarse and jewelers-grade gold, with the largest gold nugget weighing 201 ounces. Gold nuggets from the Ruby are currently on display as the C.L. Best Collection at the Los Angeles County Museum of Natural History.
Gold May Start To Act More Like A Commodity - Deutsche Bank
By Kitco News
Thursday May 22, 2014 8:30 AM
(Kitco News) - As gold trades closer to its marginal cost, the yellow metal may begin to trade more like a commodity that is dependent on factors like supply, demand and cost dynamics, rather than the monetary and macro forces that drove gold in previous years, said a German bank Thursday.
When gold prices traded at a significant premium to its marginal cost, as it did a few years, ago, gold was treated like a currency, said Xiao Fu, strategist at Deutsche Bank, in a research report. That may no longer be the case as the premium now is much narrower.
When measured using the cash cost curve, known as C1 costs, it appears that gold prices are at a 30% premium to marginal costs, about $1,000 an ounce, Fu said. However, using a global gold all-in sustaining cost curve, Fu said gold prices in the 90th percentile are trading at a much smaller premium to marginal costs, which they peg at $1,200 an ounce using sustaining cost curve analysis. As of Thursday, gold prices are trading around $1,300.
“During times of rising prices and high margins, few questioned the suitability of C1 costs as prices tended to rise faster than cost inflation. However, increasingly there are debates about whether the industry should abandon the traditional cost benchmark and adopt new measures to better reflect a more ‘realistic’ level of costs to sustain output,” Fu said.
Cash costs measure mining, processing and administration, inventory movements, waste-stripping and by-product credits, she said. Meanwhile, the all-in sustaining cost curve analysis, an accounting measure created by the World Gold Council, can include capital costs incurred to sustain and maintain existing assets to constantly produce metal.
Those costs also include spending to ensure assets remain productive and to enhance minimum reliability, environmental and safety standards. However, Fu said, the all-in sustaining costs don’t include cash interest expenses, cash taxed or other miscellaneous cash charges, which Fu said could add up to another $100 an ounce, depending on the miner’s leverage.
For purposes of the study, Fu defined all-in sustaining costs as C1 operating costs that are inclusive of mining processing, general and administrative costs and net by-product credits, also royalties, sustaining capital costs, near-mine exploration and evaluation and corporate and administrative expenses.
She said because of cost-cutting at the top end of the cost curve, the differences between the 90th percentile and the 50th percentile have decreased. Fu said historically the 90th percentile on the all-in sustaining cost curve is a better support level for gold.
“We expect that the gold cost curve to flatten further due to ongoing cost-cutting efforts and this could indicate moderately lower support levels in the coming years,” she said.
Using the global gold all-in sustaining cost curve, firms like Barrick, Newmont, Goldcorp are in the middle and lower part of the curve, while Newcrest and Kinross are in the upper quartile of the cost curve, but under the 90th percentile of $1,200, Fu said.
Deutsche Bank also said it remains bearish on the gold price outlook, despite the recent strength this year. “We expect that price weakness will be driven by an acceleration in U.S. growth and a strong turn in the U.S. dollar. This is likely to introduce renewed headwinds in gold prices, although we expect marginal costs could once again provide indicative support levels,” she said.
By Debbie Carlson dcarlson@kitco.com
Follow me on Twitter @dcarlsonkitco
NBRI is in a base-building formation here, and it seems like it’s ready for a big move.
Good DD, that's really all it takes to see what's going to happen here.
Plenty of bread crumbs to follow. hehehe
Transformation, it's coming soon.
Go NBRI/RGI
Merriam-Webster
trans·for·ma·tion. noun \?tran(t)s-f?r-'ma-sh?n, -f?r-\. : a complete or major change...
Gold-Bearing Gravel of the
Ancestral Yuba River,
Sierra Nevada, California
download link
http://pubs.usgs.gov/pp/0772/report.pdf
Famed U.S. geologist Waldemar Lindgren wrote about Tertiaries like the ancient Yuba in his classic treatise, "The Tertiary Gravels of the Sierra Nevada of California," a work that every serious placer gold miner should have in his or her library. The Ruby Mine provides a good example of the potential richness of the gold values that can be found in certain Tertiary channels.
"The Dow is over 16,000. And that is a lot of Dows. I mean, to put that in layman's terms, if you had 16,000 Dows and laid them end-to-end, that will be almost five Nasdaqs. And, I hope I don't have to tell you what that means, because I would have to ask someone else." -- Stephen Colbert
Approximately 258oz of gold in that sample if the numbers are correct.
The average grade of the bulk
sample indicated 168 tons at 51 g/t
Analysis of elevation data in old maps of the Black Channel suggest that at least two sets of terraces, one above the other, exist along the Black Channel in certain areas. It is believed that these terraces may be thousands of feet in length, thereby providing large and potentially rich targets for future mining.