North Bay Resources Inc (NBRI)

[rarefind]

According to nbri and their SEC filings they have only in houses guesstimates, well unless you listen to their hype interviews were leo pulls huge numbers out of his hat.Billions in the gold was his quote, yet leo doesn't buy any shares on the open market? Billions in the ground but they can only get horrible convertible debt funding which in the end is funded by the retail investor.Why doesn't nbri just sell the shares at least they would get the prevailing market prices.Why does it seem everytime around or at conversion time does nbri put out a pr?Wouldn't be to help jmj get rid of their stock would it?

For nbri to have any chance imo they need to REVERSE SPLITimo the stock and get the share price above 3-4-5 dollars a share.Then leo as always since he is the largest share holder can increase the O/S again by about 10 million shares.Then he also needs to divest his stake under 50% as nobody with real big money wants to take a stake in a company where the ceo can call all the shots without repercussions.They need a board of directors thats not in the fold but independent.After you see this, you'd be surprised nbri would get funding of some kind granted it would be at a discount but the party would be buyers of the stock(holders).

Right now nbri is diluting millions of shares for 30 and 40 grand.Granted the flock thats in nbri will be buried under a R/S but im sure for the good of nbri folks willl be happy to take that bath.

but only those that don't read and comprehend the history available for the Ruby would contest that the overwhelming facts suggest there's plenty of gold left to be mined. Key issue is getting it mined, and from all accounts we are pretty darn close to getting to that point

If the Ruby was so great why didn't a junior miner which nbri is not(j miners have a market cap of over 250 million)buy the ruby with cash, put their top crews in and pour about 10-15 million to get it up and running in record time? Are you saying maybe all those cash rich miners at the time where stupid? Or maybe they know this is more of a 3-4 man operation and not something for a public company to fool with.Nbri is a very small underground nugget mine.Sometimes your finding them nuggets and allot of times your just crushing allot of rocks.Funny if ruby has so much gold wheres the plan for mine SECURITY? What other gold miner do you know of that actually has lots of gold at their property doesn't have a top security for thief in place? So far i here stuff like we don't need any or will leave some folks their over the winter oh sure yeah joe theirs a 20 oz nuggets hummmm shall we call leo or split it in half and have a hot chocolate lololol

We're expecting Ruby mine sampling news, better put your swimming cap on. NBRI

Well if your expecting it then the market is a forward looking price indicator so my guess what big money expects is nothing but a small pop followed by another new low into the end of the year.So far all those PRs that where going to be the one to set of the huge run to the moon have just been by the looks of it a soft ball for jmj to dump into ?...imo...imo