NYBob...reference; NBRI, placer or load mine ?
Sorry, don't have premium account...PM'd you during Freebee-Friday HappyHour...had 2 hunt you down over here :))
NBRI has a bunch of holdings in Canada & the USofA but the Ruby Goldmine in the Calif GoldCountry is their primary target right now. Ruby is quite unique in that it is 'primarilly an underground placer mine encasing a pre-historic riverbed...loaded with monster nuggets...it also contains some hardrock ore deposits. This historic mine has a lenghty history of proven reserves (see pictures in their iBox). The section these nuggets were mined out of is still largely untapped because the government forcefully shut them down during the 2nd WorldWar & the price of gold was limited to $35/oz for many years after the war....making it not worth their while to re-open it regardless of the known wealth it contained. Many years later, another operator started to re-open it when gold went back up...they got all the infra-structure in-place [mill,lighting,shoring,ventilation etc] only to run onto hard times from some ancillary problem I'm not to clear on. In any case , they now have a new (qualified) owner & have all required permits & most of their funding in-place. They are in the process of re-opening the mine...dbl-checking all the infra-structure for safety & function & completing a few needed improvements before gearing-up. That's about it from my perspective except to note that NBRI remains vigilant in actually 'doing' what they say their going to do , in keeping their filings up2date & maintaining/managing a reasonable share structure. At .14cents a share , this appears to be a (way) better shot at some profits than the average run-of-the-mill mining scams...IMO anyway.
BTW; while we're on the subject of 'miners'...my favorite pick is RBY...beyond the pennies @+/-$3.50 but take friggin' look at their incredible drilling results on their GoldLake project...next-door to GoldCorp & likely tied into the same deposits. There's a possibility that they may just be waiting for a targeted buy-out offer instead of actually 'mining' this puppy. This stock fluctuates 'big-time' in pps & I'm pretty sure their current down-trend is due to frustrated investors wondering when the hell they're going to stop 'testing' & start mining. They've recently taken-on some 'operations' specialist so , I think that may[?] be closer to a reality now. Still , it may be some time [1or2 yrs maybe] before this turns into a monster...look close at their test drilling results...just incredible.
The rest of the DD is up to you. GL
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