Thursday, August 07, 2014 7:42:11 AM
Foxwoods a single person would have to have deep pockets.
But a few people can buy some serious shares down here.
I think everyone understands that a pop to .05 is almost certain when mining begins. IMO once profitability is proven a rise to .20 should happen this year.
This is almost certain because the Black channel has documented proof of its riches in the area of our raise. Plus the new found South Terrace is part of the gravels that this areas legend came from. All the proof is there and all we need to do is mine the heck out of it.
Will there be road bumps, delays and weeks where the grade is poor? Sure but over all I don't see how they won't be profitable from these two areas for at least a year or two.
The map on page 92 shows Best found a $1,700 nugget between orange sections D, E & F. You might have to zoom into the map to read it.
http://www.northbayresources.com/ruby/rubymine43101.pdf
That was at $35/oz. That's almost a 50 ounces nugget. I have other proof that the grade was very high for a distance after the Big Bend. IMO NBRI can't miss for 500-1000 feet up the Black channel.
But a few people can buy some serious shares down here.
I think everyone understands that a pop to .05 is almost certain when mining begins. IMO once profitability is proven a rise to .20 should happen this year.
This is almost certain because the Black channel has documented proof of its riches in the area of our raise. Plus the new found South Terrace is part of the gravels that this areas legend came from. All the proof is there and all we need to do is mine the heck out of it.
Will there be road bumps, delays and weeks where the grade is poor? Sure but over all I don't see how they won't be profitable from these two areas for at least a year or two.
The map on page 92 shows Best found a $1,700 nugget between orange sections D, E & F. You might have to zoom into the map to read it.
http://www.northbayresources.com/ruby/rubymine43101.pdf
That was at $35/oz. That's almost a 50 ounces nugget. I have other proof that the grade was very high for a distance after the Big Bend. IMO NBRI can't miss for 500-1000 feet up the Black channel.
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