North Bay Resources Inc (NBRI)

[againstallodds]

Lets do some simulation here

Fran ore gold content 0.03 ounce per ton
1 supersack contains 1.5 ton of raw ore
Lets fix the gold price at $3500 per ounce

The value in gold contained in a supersack is:

O.03 c 1.5 x 3500 = $157.50

And lets suppose Bishop can extract 80% of it, then amount of gold in a supersack is $126

It has neen said that transportation costs for 1 supersack was $250

So NBRI would lose $250 -$126 = $124

NBRI NOTPROFITABLE !!’

Rocks going to Bishop mill is VERY BAD NEWS !!$



This means each dupersack c