North Bay Resources Inc (NBRI)

[kizoo]

Last summer I became disillusioned with NBRI when Perry seemed to be backing away from the generative model of partnering with larger miners to conserve capital; instead going for broke on the idea of developing and operating small projects like Ruby. This is very risky for any mining company - especially one whose management is inexperienced at mining - the pitfalls and possible complications of which are virtually infinite.

Fortunately for me, the stock price had an insane run up (I bought most of my shares for 1 cent and, with a little trading, my cost less than zero.) and I was able to sell my approximately 271,500 shares for an average of over 18 cents each, for about $50,000 profit. I'm a very small speculator and, for me that was a windfall.

I wish you all the best of luck; I sincerely hope to regret having sold out, but I probably won't come back unless either this is under a penny (and maybe not even then) or Perry proves himself by making this mine pay.