North Bay Resources Inc (NBRI)

[Huggy Bear]

I would think they were serious about getting that 1M if they put that into the amended, again, note.

NBRI has the means to raise the 1M, but I do not think they want to go that route.

Some have said forcing dilution and depressed stock prices would harm their 10M share interest. I would agree there, but one million cash in hand is better than two birds in the bush.

In a case of default, the owners could theoretically kick NBRI to the curb and sell it to the next penny miners with the 1M rehab improvements to the property added in to the price. And they could also negotiate some shares of that company as part of the deal, just like they did with NBRI. So personally I do not see how that argument holds any weight.

That is my opinion on the matter.

I hope for shareholders such as yourself and others NBRI can indeed somehow negotiate a less drastic deal than having to come up with one million cash by December 30th.