North Bay Resources Inc (NBRI)

[Huggy Bear]

I have read and comprehend the filings thanks. NBRI does not have proven and probable reserves so all that remains are guesstimates, which did not impress any EB-5 investors nor traditional financiers, which is why NBRI must resort to toxic lenders for their operational cash.

The recently approved S-1 for financing via discounted shares sold directly to the public via Tangiers who takes their cut off the top has such terrible terms that more toxic notes have been engaged on October 1st and October 7th rather than go that route for financing.

NBRI had better start showing some gold at profit margin or the wheels are going to come off the mining carts, IMO.