hitpaydirt... a nice steady move nbri has been on.
By the looks of all the message boards its going pretty un-noticed. For that i'm happy about.
p.s. someone said (maybe on yahoo board??) that perry would be smart to get a small crew at ruby maybe 4-5 guys to get thing ready to start. now that the stock is moving some, he would be smart to do a small stock offering and use proceeds to do that. any thoughts on this? nothing will move a stock faster than an operating mine:)
I think they already did pilminary work at the ruby in 2010.
A stock offering would not be smart at such a cheap stock price. At .75-1.00 yes it makes since, at .08 cents NO!
Nothing moves a small mining stock more then new drilling results, updated property value and progress, like ...
Speculations aside, North Bay hired a certified professional geologist a few weeks ago, which is usually a good sign since according to the company his duties would be to help develop a portfolio of viable mining projects in the Western US.
During the 2010 summer program, 35 samples were collected by Mr. Clifton from the Lawry Shaft workings and sent to American Assay Laboratories Inc. in Sparks, NV for fire assay analysis. The samples, each weighing approximately 1 kilogram, were collected at 10-foot intervals at the gravel-bedrock interface at 5 locations (A through E) within tunnels and crosscuts. At location C, samples C9 through C12 returned several high values, including 45.5 grams (1.45 ounces) and 15.05 grams (0.48 ounces) per metric ton (tonne) gold, as per the table below. This represents a 30-foot wide zone of placer gold-enriched sediments in which 3 of the 4 samples are highly anomalous. This zone is considered mining width. Having delineated a 30-foot wide zone with a limited 35-sample set, we believe this indicates that gold-rich gravels are relatively abundant, easily identified, and present in existing workings ready to be exploited. .
