North Bay Resources Inc (NBRI)

[orefinder]

Cee-It I agree with your investment strategy. I liked the things that you said about your grandfather's investments. You could make good money with NBRI if you do not exit too early. Investing in exploration is high risk - high reward. You are deciphering or trying to go through what mother nature put in front of you. Do not invest more than you could afford to lose. When SP doubles sell half and enjoy the free ride. Don't be bitter. You chose both the entry and exit points.

NBRI has not failed but suffered a major setback at a critical moment of its existence. Had they succeed in building those raises to access the huge size gold nuggets area from the Best drift or the newly discovered gold bearing South Terrace the SP would have been way higher probably $0.20-0.30. Still it stopped bleeding by placing the mine on Care & Maintenance and has a good plan in place to recapitalize by selling some of its assets.

NBRI is undervalued and that's why you see that many people BUYING it right now. Any upswing (news of selling a property, Fraser news) would bring in huge profits for these traders. Longs would also benefit because it will go up imo.