North Bay Resources Inc (NBRI)

[Blindsquirrel]

Most option deals with work commitments are for a lot less cash. NBRI is getting $200K on the downstroke and if Ximen defaults next year they get the property back.

Heres another option deal announced today by Frontline. The seller gets no cash at all and a measly $4000 in an illiquid stock. Sure they get a 2% NSR but whats that worth until Frontline opens a mine in our lifetime. Theres no work commitment here either.

To acquire a 100% interest in the two claims, Frontline must issue a total of 401,000 shares of the Corporation and grant the optionor a 2% net smelter returns royalty. Frontline may repurchase one-half of the royalty for $1,000,000.

http://www.newsfilecorp.com/release/10869

I vote for cash on the barrel now. A NSR might take 10 years before its worth anything anyway imo.