North Bay Resources Inc (NBRI)

[kokkomo]

NBRI rough German article translation:

(lol its very rough but you can get the jist of it.. its basically about how Ruby mine has produced in the past, its expected to produce more and its a great investment imo)


Who does not like mining stocks,
the one for a song
can buy and yet everything
Other than worthless. In
autumn of 2008, Crash
it en masse such opportunities,
but few at that time attacked
and currently have the recovery
the world economy and because
of fiscal policy "easing"
almost through the roof
continuous gold and silver prices
such opportunities for the daring
Speculators rarely done.
Sometimes, however, does run
However such an opportunity
across. This small company
has an option of
a California gold mine closed
in the past
phenomenal Gold Nuggets
brought forth the largest 201
Ounces heavy. Some of these nuggets
can be admired in museums
be.
The mine delivered since the time
of the California Gold Rush
Mid-19th Century about
250,000 ounces of gold, which they
because of the long-time low
Gold prices are not consistently in
Was operating. Was last here
The mid-1990s, won gold,
the prices were too
low, so that in the standard of maintenance
had to go.
Said Ruby Mine is fully approved,
what in the United States an immense
Advantage. The plants
the last operator in good
State and have a
Replacement value of approximately
$ 3.5 million.
In the summer of 2011 the Ruby
Gold Mine go back into service
and after several months of start-up phase
about 1000 ounces per month
To provide for future expansion
to 2000 oz is provided.
Gold dwarf with multiplication potential!
Jan Kneist
H O R T S O F F A C T I N E
www.rohstoff-spiegel.de - 07 - 6 Vintage | 19:03:11 - Issue 06/2011
Source: North Bay Resources Inc.
One might object: what are
1000 ounces per month or
12,000 per year when other
Companies deliver a multiple?
The question is more than justified,
only it is relative considering
found that for this company
a possible sales
16.8 million (12,000 ounces a
$ 1,400 / oz) and certainly
expected gains a good
H O R T S O F F A C T I N E
Market capitalization of less than 5
Million USD
faces! Now maybe
clear why this company
In fact, the chance
offers high gains.
Because it is almost unheard of!
The gold mine is not
the only asset of the small
Company - it has yet
on numerous exploration projects
in British Columbia, the outstanding
historical samples
of gold, silver, PGM, rare
Earth have, etc., but long
no modern exploration subjected
were. Two of them
are currently in joint ventures, where
The partners Silver Quest Resources
(At Fawn project) and Lincoln
Resources Inc. (the Coronation
Gold Project), about 3 million
USD to invest and North Bay
Option payments have to make.
Other JV's are still in negotiations
and one can only imagine
which is to raise here,
if funding for further work
become available. And just
which had been the sore point
- No resources.
Background
North Bay Resources was in its
present form, set in 2006.
It was previously a business
in the media industry,
dealing with new management
the resources sector turned.
The current CEO of the company,
Perry Leopold, developed
the so-called generative
Business model, the early
Proceeds from the projects
will bring, even if they
are not yet in production. On
this way, the dilution
be kept to a minimum.
This business model has been
In early October 2010 with the
Acquisition of the option to buy the Ruby
Gold Mine expanded. Using a
Equity credit line from Tangiers
Investors, LP over 5 million
USD and a credit from the
EB-5 Green Card program
$ 7.5 million to purchase the mine,
put into operation
and further acquisitions by-
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Ad
www.rohstoff-spiegel.de - 08 - 6 Vintage | 19:03:11 - Issue 06/2011
be performed. By Ruby
Mine one is now in the process, a
used to be very profitable asset to
a very reasonable price back up.
The Ruby Gold Mine
The Ruby Gold Mine is located in Sierra
County, California, between
Downieville and Forest City in a
wooded area. It includes
a total of 1755
Acres (710 ha) of patented
and unpatented claims. The
Mine has a turbulent history
behind, the large with the
California Gold Rush to
1850,. The recovered
Gold in the area comes from
Tertiary gravel deposits that
is a superimposed prehistoric
River system assigns. In
the 1860s were in the
Near present-day Ruby project
several mines to reduce these
Gravel layers built. Since
Ruby is in the central part of this
gold-bearing gravel was,
was here in 1880 created a portal.
Between 1880 and 1889
produced, the Ruby Mine then
86 500 oz of gold from these river channels.
The interest in reducing
these channels suffered because too
rich veins of gold were found.
The early 1930s was
the gold price is high set by decree
and interest in
these gold deposits was alive again
on. C.L. Best, co-founder
Caterpillar, acquired the Ruby
Mine produced about 58,000
oz, to the mines in the 2nd World War
be closed again
. Had increased after the war
the costs rapidly, gold was
further at 35 USD / oz fixed, the
www.rohstoff-spiegel.de - 09 - 6 Vintage | 19:03:11 - Issue 06/2011
H O R T S O F F A C T I N E
Reduction unprofitable. The Ruby Development
Company leased
the project in 1959 and bought it
1966th The farmers are working in
the years from Lawry
Manhole at Black channel.
The Brush Creek Mining and Development
Company leased
Ruby In 1990, to 1995 extensive
Repairs
through expanded and enhanced
the mine tunnel, the ventilation
etc. and built a
new washer and quartz mill.
To 30 June 1997
Sun invested 4.55 million USD. Nevertheless,
the production was due
of the low gold price low,
modified slightly in 1998
mined. Eventually went
Brush Creek and the bankrupt
Project fell back to the Ruby
Development Company (RDC)
it to this day in
Maintenance condition holds. A gold price
from the current $ 1,400
makes the historic mines
again very interesting. North
Bay Resources secured the
Call option in October 2010 and
in the coming months
Preparations for the mine operations
. Perform Since the
Financial resources have always been the
sore point was, the Si-
Source: North Bay Resources Inc.
cherstellung funding for North
Bay will be the kicker.
Financing projects
Detail
For the Mine of North Bay
RDC $ 2.5 million in rates to
30 to pay December 2012.
First payments 50,000
USD and 10 million shares (valued
150,000 USD) were
made in 2010. To 30
June 2011 to be North Bay
finally decide whether the
wish to exercise option. From February
June 2011 North Bay
to pay $ 140,000 and then
$ 85,000 per month
to the 2.5 million fully paid
are. The previous option payments
and shares
on the purchase price fully credited
interest on the outstanding amounts
with 3%. Where does
the money?
North Bay engages in the purchase and
the commissioning of the Ruby
Gold Mine back to two sources
- One shares credit of 5 million
USD of the California company
Tangiers Investors, LP,
Subsidiary of Tangiers Capital,
Http://www.acgcompanies LLC (.
com / tangiersfund.html) and
a 7.5 million line of credit
the EB-5 program. The 5 million
Credit is already available,
EB-5 for the commitment expected
you at any time. Tangiers'
Line is used primarily to ensure
the option payments for the
Ruby Mine. The 50,000 USD from
2010 North Bay paid by a
Convertible bond of Tangiers
(Conversion price is the 10-day
lowest traded price
www.rohstoff-spiegel.de - 10 - 6 Vintage | 19:03:11 - Issue 06/2011
H O R T S O F F A C T I N E
of shares). The $ 5 million equity
Line of credit works much
and serves as a bridge financing,
until the credit for the EB-5
Available. Will North Bay
access to credit, then
maximum for each $ 100,000
high installment within 10
Days 90% of the lowest 5-day
Average price before
the announcement
to be set. The higher the
Share price, the less so
the dilution to North Bay.
Overall, North Bay has it
19.73 million shares reserved as
the line but only as a bridge loan
for the EB-5 Financing
is used, it is very likely
that only a fraction of those shares
is actually spent.
If the amount to June
$ 140,000 obtained in this way,
Are the current rate
of about $ 0.06 2.33 million shares
issue. The main component
the whole financing
but describes the EB-5 program
dar. It is a federal program
of 1990, whereby private
Foreign investors
Funds in new ventures
invest in the U.S. and
for a permanent residence permit
. Get The
Deposits per person amount
500,000 to 1 million USD. The
Program by the United States
Citizenship and Immigration
Services (U.S. Bureau of Citizenship
and immigration,
"USCIS") managed. Since the founding
was on this program
more than $ 1 billion invested.
And approved by the USCIS
"Regional Center" is
an economic unit, the
to the Economic Growth
and job creation
has prescribed.
North Bay, together with
ACG Consulting the request for
the creation of a new regional center
in Northern California
provided that the promotion
to devote the mining industry.
This would allow North Bay
other historic mines purchase
and again in production
. Take
Until approved, this new center
and funds from the EB-5
can forgive, but we want to
Acceleration of re-entry
the Ruby Mine to
an existing center resort
- The Northern California
Regional Center, LLC
("NCRC"). NCRC has agreed
and mining projects under the
to care for EB-5 program and
North Bay in January 2011, all
necessary documents submitted.
It lacks only the confirmation
the USCIS for a geographical
Expansion of the Regional Centre.
If this green light
comes, the agent (after
Examination of the applicant by
Department of Homeland Security)
flow and after statements from
North Bay are particularly Chinese
prepared in this way
want to become U.S. citizens.
Are the EB-5 means available, is
No further issue of shares to
Tangiers longer necessary. The
EB-5 diluted NOT the credit
Share capital, it will run over 5 years
and is composed of net profits
the Ruby Mine returned,
interest on the outstanding amounts
with a maximum of 6%. Up to 3 million
Credit must be repaid,
80% of the net profit for the eradication
be taken, then
70% to complete
Repayment.
Mine operation
To operate the Ruby Mine was
a new operating company
founded the Ruby Gold
LLC, at the North Bay and 60%
ACG 40% hold. According
are the profits distributed
minus 0.75% for Tangiers
and 1.5% for the NCRC, which
58.65% of net profits are
for North Bay.
With the $ 7.5 million of
Remainder of the purchase price for the Ruby
Mine be granted and the commissioning
and wage payments
disputed in the initial phase.
North Bay calculated here
deliberately conservative. They want
with a team of 15-20
start and end of the first
Year of operation reached 45, at
End of the 2nd Year about 60 men
At the end of the 1st Year, the
Production reached 1000 oz per month
a year later, 2000 oz.
It will ensure the well-known
River channels break down.
Rating
To the profit rate and thus potential
to determine from North Bay,
need some assumptions
be taken.
1. The open licenses
USCIS will be the end
May be granted 4 million EB-5,
retrieved in August, of which
be 2 million in the Mine Purchase
and 2 million in repairs
invested.
H O R T S O F F A C T I N E
2. Option payments
$ 215,000 by end July
be carried over Tangiers
Shares at $ 0.07 (3.58 million
Units financed)
3. 15 miners and a mining engineer
be from August
employed (5-8000 USD
Month per person) to 5 persons
every few months
growing, 30 men from Nov.
2011, 60 from July 2013.
4. From 2012, the staffing costs
(2012: 3.4 million and 2013:
$ 4.5 million) and other
Costs (depreciation, etc.)
Part of total costs.
5. The first gold production is
in November with 300 oz
rather, it month by 100
oz growing, from 1000 oz
June 2012 July 2000 oz
2013th
6. The gold price is at 1400
USD / oz assumed fixed.
7. Interest and principal accounting
at the end of the year, interest
reduce net income
It is clear that in the first
Years because of loan repayment
only a small profit
remains for North Bay. Man
Do not forget that it
without this credit at all
would be no profit and
no further dilution of
Share capital held. The
Simplicity, with a
Number of shares of 100 million units
www.rohstoff-spiegel.de - 11 - 6 Vintage | 19:03:11 - Issue 06/2011
2011 2012 2013 2014
100% attributable
Production (oz) 700 11 500 22 400 24 000
Gold revenue
(A 1400 U.S. $ / oz in
Million U.S. $)
0.98 16.1 31.36 33.60
Staff costs
(Million U.S. $)
0.82 - - -
Weighted total
Cost per ounce (U.S. $)
1,343 1.091.75 794.87 750.00
Credit open (million
U.S. $)
4 7,5 5.02 -
F. loan interest rates
(Million U.S. $)
0.1 0.45 0.30 -
Loan repayment
(Million U.S. $)
- 2.48 5.02 -
Net profit after
EB-5 Redemption
(Million U.S. $)
-0,06 0,62
8,23 15,60
Dividend NB
58.65% in million
U.S. $
0 0.36 4.83 9.15
0.0036 0.0483 0.0915 EPS
Fair price for
P / E 10
0,036 0,48 0,92
expected, which reckons with Tangiers
and Warrant Exercises
by RDC.
All assumptions are
very careful! Production
may occur earlier and faster
be raised, the
Gold prices can be significantly higher
are the total costs according
lower. Nevertheless, results
itself with these assumptions
a high upside potential.
Summary
- North Bay acquires a mine in
good condition with facilities
with a replacement value
3.5 million USD
for
$ 2.5 million.
- The mine is dry, fully approved
and is known for large
Nuggets, resources
be at 500,000 ounces (not
NI 43-101 compliant) estimated.
- Qualified personnel are problems
to get.
- The venture capital firm
Investors will Tangiers
provide a bridging loan
and a major shareholder.
- A non-dilutive fixed interest
Financing for ACG
the EB-5 program is directly
before the final
Approval.
- Extremely low market value,
with low equity float 58.35
Million.
Conclusion
North Bay offers a story that
is not commonplace and the very
promises high gains. Certainly
is the final approval
for the extension of
NCRC not yet arrived,
but a rejection is highly unlikely
- Just think
the labor market in California -
and if it happens, it will
still remain of the
North Bay and ACG to be established
own new regional center
or equity-loan
Tangiers, of the Mine Purchase
and to start production
at the expense of higher dilution
sufficient.
Courageous investors engage in
current rate of limit orders
on the OTC market (still no trading
possible in Germany). Who
slightly risk averse, is waiting until
the NCRC approved.
As usually in the course already
the profits of the next few years
are priced, can North
Bay to autumn-winter this year
well at 0.25 to 0.40
Record USD per share, of course
depending on the company's progress.
In the longer term is even
much more to it, positive surprises
exploration projects
in B.C. and further mine acquisitions
einwww in California.
resource-spiegel.de - 12 - 6 Vintage | 19:03:11 - Issue 06/2011
H O R T S O F F A C T I N E
calculated! An opportunity to all
early to be there.
About the author:
The studied Certified business deals
with since 1994
Precious metal markets and analyze
For several years, mining companies.
His specialty
are Canadian exploration company.
Performance - 12 months (OTC BB) - Price in USD
Price $ 0.055 OTC BB
Macap 4.62 million USD
WKN A0NDBC
ISIN
Symbol OTC BB NBRI
Website
US6574881024
www.northbayresources.com
North Bay Resources Inc.