is...looking for nuts
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Agreed. Peeps talk about giveaways but I see it as a stock purchase. That was $180K in stock. Would you rather have $180K in cash that someone owes you or $180K in stock in exchange for the debt? Most people would take the cash. Prolly Leo thinks those shares are going to be worth a whole lot more and thinks its a good deal to give up shortterm cash for longterm capital gains and exchanged an IOU for stock.
Thats not an IHUB ad. Its Google. IHUB is one of the sites that carries Google ads. But so what? Are you saying a company should not advertise or market itself? How silly.
A shareholder was just out there to visit the mine and spent a lot of time at the office. The pictures and reports are on the NBRI board if your that interested. This has been verified so give it a rest.
Theyve only owned the Ruby for 2 years now. 4 years ago I think they were saying they were going to acquire an operating mine. No one believed it. But they did it. They also said they were going to uplist to the OTCBB. No one believed it but they did it. Give it time and theyll get the mine open. Theyve come a long way fersure and have proven they get things done. Not as fast as peeps here would like though lol.
No. They never said there were any reserves. Not in the report. Not in a pr. Not on their website. If youve seen them state a reserve estimate anywhere please provide a link.
What it is is a legitimate assessment of the potential of their mineral claims which was done according to NI 43-101 guidelines. Thats what a technical report is. It assesses. It does not estimate. That comes later when the NI 43-101 report is expanded into a PEA.
NBRI. Please read the reports to see what is actually said in its entirety.
Case in point. You say
Please read the reports to see what is actually said in its entirety.
Case in point. You say
Can you cite the page number where it says that or talks about the age of a report at all? The damn thing is only five pages long but I can't find it.
http://web.cim.org/standards/documents/Block474_Doc32.pdf
Its weird that the reports deal with minerals that have been in the ground for eons yet the reports themselves have an expiration date like they were made out of milk or cheese and no longer consumable.
TIA
You hit the nail on the head.
That is an entirely different topic.
Look what the cat dragged in. LOL! You know very well that NBRI has never claimed to have proven or probable reserves. Their NI 43-101 reports are Technical Reports. Technical Reports as a rule do not contain resource or reserve estimates. And in that respect they are totally compliant or else the QP would never have put his seal on it without risking his credentials and livlihood.
Duh. What you see are NI 43-101 reports with the words "NI 43-101" stripped out to make the SEC happy. I have never seen a report that said it is a SEC Industry Guide 7 Report. Please post a link if you know of one. Id like to see it.
Exactly. Show me the money. Thats really what the reports are for. Investors use it as the basis on which to allocate their capital to projects they think are worthwhile. A NI 43-101 report gives them a certified and independent analysis in an industry-wide accepted format. This business about only being valid if its filed in Canada is nuts. IMO.
I give up. This is not black or white. It is a thousand shades of grey. You believe what you believe and nothing anyone says will convince you otherwise. Enjoy.
Have you ever read it? Its 44 pages long or more. The format is the structure. They could have dispensed with that in a single page. Its what is contained within each category that goes to the heart of it. Read it sometime. I dont think youll find anything that says it has to be filed in Canada to be valid.
Exactly! Like I tried to tell him from my own experience NI 43-101 is a worldwide standard that is demanded from investors on all continents with deep pockets. Or JORC.
You are completely missing the message the SEC conveyed. The report might be perfectly fine but using the phrase "NI 43-101" is anti-American and has to be deleted. The report can stand as long as you only "refer to your report as a technical or geology report." What a joke! Dont you see this has nothing to do with the essence of the report and everything to do with crossborder politics?
Right. Its a pissing match between the SEC and the TSX. It has nothing to do with what is in the report. The SEC has never recognized that 43-101 even exists.
Heres something to chew over. http://www.kayescholer.com/news/publications/sec-vs-canadas-ni-43-101-30august2013/_res/id=sa_File1/mason-mining-journal-article.pdf
Thank you!! A voice of sanity at last. LOL!
By the way there is nothing in US law that says publishing a NI 43-101 is illegal. Are you insane? Show me where it says using NI 43-101 in the US is illegal. I want to see that!
Well have to agree to disagree. If you wont do it I will contact the Canadian regulators and get a statement you can verify to put you out of your jingoistic misery. LOL!
b-b-b-but the reason for that BCSC warning is because the report WAS bogus. It had nothing to do with whether the report was filed in Canada.
By that logic there is no reason for anyone to buy any stock ever.
Read the filings. What you recommend is exactly what they did. Most of their pay is deferred.
Rinse & repeat v4.0 is just getting underway. After years of hearing about the geotubes being the solution now we hear they were the problem and now they are going to do it right. LOL! Next well see another Grass Roots report with a target price of $1. Count on it.
Even after all the positive news of late PGLC is still spinning its wheels right above its 52 wk low. Not very happy hearing their going to RS.
The last pr from SGM said "development mining recommenced July 22". No news since then and the stock is hitting new 52 wk lows. Whats going on? I expected some news by now.
You might consider approaching this in the reverse and cataloging OTC mining companies that are NOT scams. Prolly not as fun but youll cut to the chase by focusing on legitimate opportunities. Separate the wheat from the chaff instead of getting in the mud with the rest of the lot. FWIW.
NBRI. Your DD is incomplete and out of context without also including the followup pr a few weeks later showing they did start mining at the Fraser.
Revenue from claims sales and such is $280,174 so far this year. Its in their 10Q under Other Income on the operations statement. Top line revenue I think is reserved for when they start producing gold.
Its also in the results of operations section.
Can you show a link to a single pr or filing where NBRI put a dollar value on anything? I have looked all through their prs since you posted that and cant find a single one. An informal interview where the CEO is asked about the potential possibilities is not the same thing as a statement of fact that you seem to be accusing them of.
Those 2.75 ounces came when they werent even looking for it. It literally fell into their lap. LOL! Thats how much gold there is up there. Get used to it. The Ruby is the jewel of the motherlode IMO.
NBRI. The funny thing is even if NBRI produces a million ounces the SEC will still make them say there are no proven reserves. Proven reserves is a legal definition that cant be used unless you take the type of measurements typical at lode mines but not possible with placers like the Ruby. There was a pr a while back that explained it. Last spring I think.
NBRI. Way too many people are too lazy to do their own DD on NBRI so they come to IHUB instead and read what other people are saying. Too bad they get a lot of misinformation disguised as DD and they dont know the difference.
It was closed because of WWII.
He called bulk sampling test mining. Its still mining. Its just not full production. This is a mine not a porsche. Peeps are expecting to go from 0-60 in 4 seconds. Give it time to do it right.
It is not a lease. They own it. The 8-K says it in black and white. You dont open escrow on a lease. That is only done when legal ownership is transfered.
The problem is in the last paragraph.
Huge news! Says a lot about what the note holder thinks of what is coming. If NBRI trades over $1 they get a huge windfall from 18M shares. Makes a $1M payment look like peanuts.