North Bay Resources Inc (NBRI)

[Huggy Bear]

I would rather think a loan of 350k to NBRI would immediately be demanded, maybe in full by the Ruby owner. They owe a lot of money to the owner as well and have no means to pay the 60K/month obligation in their current fiscal condition.

That scenario won't work. How about a 2M private placement to explore some more? Float that out there. The are still an SEC filer and have legitimate PIPE investment venues available.