North Bay Resources Inc (NBRI)

[foxwoodsfan]

Cease operations obviously. The only reason why there are so many struggling juniors is because there are so many projects that were not feasible (and maybe still are not).

Just because gold is over $1000 now doesn't make those projects worth anything more now than they were then unless they have proven resources. Which of course most don't.

The whole problem is inexperienced managers bringing unproven projects on line, but don't think that it isn't part of the master plan.

This is what the majors want. They want exploration outfits and junior miners to do all the feasibility work on the backs of public shareholders and toxic financing. This is a machine, the exploration outfits and juniors are just a part of it. Once a project is proven or disproven on the backs of retail investors the majors can come in and M&A it all for pennies or dimes on the dollar. Of course the disproven projects and low hanging fruit just get left on the vine (and the managers, the public companies and the stocks just have disappearing acts) but don't worry they all get maintained by the machine. Like I said I've been in the sector for a loooooong time. Is this starting to make sense to you now?

By the way, not sure where you come up with your average price to recover gold at $800-$900 an ounce but I can assure you that if that were the case the sky would truly be falling LOL.