I totally agree with you Caloosa. IMO I thin everyone is well aware that there is gold in the mountains in calif.
NBRI does not have to prove that.
They are a public company making plans and estimates to a public audience. The black channel can be solid gold but they are not sampling it, and the specimen contract is not going to be filled by that part of the mine.
NBRI has sampled the white channel.
They said they would have 100 tons by this week.
They said the washplant can process that in a couple of hours.
They have said there is a a lot of gold in that tonnage and about half is specimen.
They said they would deliver 120 oz of specimen gold by this week.
They can complete all of these goals or none of them, or anywhere in between.
But it is not a question of the gold in the ground it is a question of the company setting reasonable goals and reaching them.
If they get 30 oz of gold and only 15 oz of specimen gold they failed at one goal but they got the rest done.
Not bad.
We can expect things to delay a goal but the company puts its best foot forward.
If however we get a PR that states they have dug out 65 tons and the wash plant has processed 10 tons in 3 days and broke down and we get only 4 ounces of gold, the company has failed to live up to their own goals and we will pay the price.
We just need to see a company doing the best they can, without over stating what they can do.
We will NOT reach the specimen goal.
That is OK, there were plenty of things that stepped in our way, but, they should have 100 tons or more, and that should produce a good amount of gold. (20-60oz?)
That gold should have a good portion of specimen gold in it (30-50%) and they should have results of the washing no later than monday.
Anything less than that will cost the share holders. Anything more than that will pay the shareholders.
