Good substantial post, Nagoya. The bearish market in the price of gold has been a strongly negative factor, alomg with the costs of getting getting the mine ready. Everyone applies their own criteria, but personally I can't see any sensible reasons for selling left.
You fail to stress the fall of gold...
since NBRI is a gold miner and the price gold fell, all gold stocks were all affected in the same way. Gold is a commodity that seems to also have ben affected by outside forces such as manipulation.
Another point missing is NBRI needed a way to fund its rehab operation...NBRI has done that and is about to mine.