North Bay Resources Inc (NBRI)

[1manband]

The current range of $1,170–1,210 per ounce ($1,170–1,210/oz) represents gold’s lower-end price range

And yet gold is currently at $1,092. Guess they were wrong, just like a lot of people were wrong about NBRI.

But it doesn't matter to NBRI, as the company has no gold. And even if they did, the massive toxic death spiral debt was going to kill the company regardless. Which it did. It wasn't a question of if, but when. Toxic death spiral convertibles kill every company that issues them. And NBRI was no exception.