Actually I believe a share price of $0.23 is very achievable, and could happen at any point.
If you look at the comparisons I posted with other JR Mining companies, the $0.23 price would equate to a $9,000,000 market cap. Which is only 1/3 of others like Pediment, Yukon, Sarissa, and Nevada Gold.
This just needs to get noticed. An update on Funding for the US operating mine properties would also help.
NBRI is so undervalued compared to companies that are extremely similar. Here are some comparisons to other JR mining operations, that are mostly just in exploration phases. Most of them have market caps of around 30 Million while NBRI has a market cap of just 600 Thousand.
The share structure is extremely tight with only 38.5 million outstanding and 20.9 million in the float.
Here are the comparisons with other Exploration phase mining companies. NBRI with the right promotion could easily have a market cap just like NGHI.
SFEG.OB:-----Revenue (ttm):----68.19K
PEZGF.OB:----Revenue (ttm):---149.83K
MNEAF.OB:----Revenue (ttm):---$00.00-
YNGFF.PK:----Revenue (ttm):----48.98M
SRSR.PK:------Revenue (ttm):----$00.00-
WSRA.PK:------Revenue (ttm):----$00.00-
NGHI.OB:-------Revenue (ttm):----$00.00-
NBRI.PK:-----Revenue (ttm):+++$390.77K+
SFEG.OB:----Net Income Avlbl to Common (ttm):--------7.74M-Negative
MNEAF.OB—---Net income Avlbl to Common (ttm):---19.69M-Negative
PEZGF.OB:---Net Income Avlbl to Common (ttm):----731.12K-Negative
YNGFF.PK:---Net Income Avlbl to Common (ttm):----111.13M-Negative
SRSR.PK:----Net Income Avlbl to Common (ttm):--------1.25M-Negative
WSRA.PK:---Net Income Avlbl to Common (ttm):--------1.30M-Negative
NGHI.OB:----Net Income Avlbl to Common (ttm):--------361.13K-Negative
NBRI.PK:----Net Income Avlbl to Common (ttm):++++278.84K+Positive
SFEG.OB:-----Diluted EPS (ttm):--0.100-
PEZGF.OB:----Diluted EPS (ttm):--0.020-
MNEAF.OB:----Diluted EPS (ttm):--0.085-
YNGFF.PK:----Diluted EPS (ttm):--0.020-
SRSR.PK:-----Diluted EPS (ttm):---0.0017-
WSRA.PK:----Diluted EPS (ttm):---0.0053-
NGHI.OB:------Diluted EPS (ttm):---0.011-
NBRI.PK:-----Diluted EPS (ttm):++0.011+
SFEG.OB:---Market Cap:-----$80,007,656 as of May 28, 2009
PEZGF.OB:--Market Cap:----$27,894,871 as of May 28, 2009
MNEAF.OB:--Market Cap:---$172,905,000 as of June 1, 2009
YNGFF.PK:--Market Cap:----$28,546,679 as of May 28, 2009
SRSR.PK:--Market Cap:------$29,364,642 as of June 3, 2009
WSRA.PK:--Market Cap:-------$2,806,027 as of June 3, 2009
NGHI.OB:----Market Cap:-----$29,140,778 as of Jun 4, 2009
NBRI.PK:---Market Cap:----------$578,959 as of May 28, 2009
SFEG.OB:----Shares Outstanding:----80.22M (As of May 14, 09)
PEZGF.OB:---Shares Outstanding:----43.01M (As of Mar 31, 09)
MNEAF.OB:---Shares Outstanding:---230.54M (As of May 18, 09)
YNGFF.PK:---Shares Outstanding:-- 272.65M (As of Dec 31, 08)
SRSR.PK:----Shares Outstanding:---724.12M (As of Dec 31, 08)
WSRA.PK:----Shares Outstanding:--255.09M (As of Mar 31, 09)
NGHI.OB:-----Shares Outstanding:----72.85M (As of May 13, 09)
NBRI.PK:----Shares Outstanding:----38.50M (As of May 19, 09)
SFEG.OB:----Share price $1.01
PEZGF.OB:---Share price $0.94
MNEAF.OB:---Share price $0.74
YNGFF.PK:---Share price $0.14
SRSR.PK:----Share price $0.04
WSRA.PK:---Share price $0.01
NGHI.OB:----Share price $0.45
NBRI.PK:----Share price $0.017
