North Bay Resources Inc (NBRI)

[Anvil]

Ximen deal closed, I am confident that NBRI got the initial payment and shares.

But if u compare NBRI to the way junior miners have been valued in the past, u can see the disconnect.

Traditionally, juniors started with a decent prospect, and spent considerable time and expense proving up a resource. At each stage, greater value was placed based on drill results, etc.

With the Ruby, u have a historic producer of large nuggets, but only going on old maps and Gary's intuition. So far, the results vs money spent have been piss poor.

The outlook is still based on hope, not facts, hence the continuing decline in share price as it is expensive to keep the effort funded.