North Bay Resources Inc (NBRI)

[es1]

Had NBRI found 6-7 ounces of gold in the white channel sample it would have been profitable. Pounds of gold isn't needed at all.

Well to begin with the fantasy didn't come true but even if it did they have processed 200 tons from there that we know of and there were claims made that there was tons and tons more.
If they had found 7 ounces that would be .035 opt.
That is not enough gold to be profitable unless you know some magic way of processing ore faster than it can be dug.

It took them many weeks to run that ore.

But I will say you are right to say if they had found that much gold the PPS might be a bit higher.

But the same could be said had they found 348 ounces along with 84 nuggets over 1 ounce.

Problem is THEY DID NOT FIND THAT.

Reality is that they wasted thousands of dollars and quite a few months to mine a place that gave them nothing. They lost the share holders millions in stock value and they have not stopped doing what cost them so much because they cant.

Nobody else will give them any money so if they want to operate they are forced to deal with the people who are the problem.

The death spiral can be stopped by one thing.

ACTUAL.... profitable gold. Not the make believe gold that the shareholders are told about daily.

The company doesn't have long. It is expected to be a very wet winter. If they don't find a way to find some real gold before winter, I don't see the PPS holding .00s through the winter closure.

The break below .009 is not good. .00s have a weakness in the .006-.008s range. If it dips too far below .009 the bottom will fall out and the PPS will be in the .007s in a day or 2. Maybe it stops in the 5s maybe in the 3s