North Bay Resources Inc (NBRI)

[Blindsquirrel]

It is incredible that someone can comment on a mining company and not know what an NSR is when it is one of the most basic concepts in mining deals.

An NSR comes out of top line revenue and not bottom line profits. If gold is at $1400 and after refining costs are deducted the net sale price of the gold is $1350 then NBRI is paid 20% of $1350 or $270 an ounce. NBRI gets paid regardless of how much it costs to produce each ounce. The cost of mining and net profit is irrelevent.