Replies to post #74715 on North Bay Resources Inc (NBRI)

[Huggy Bear]

Remember that this black channel was highly touted as the gold at the end of the rainbow so if the storyline shifts again away from this being the profitable channel critique is warranted. But yes let's see what develops there.

[es1]

We haven't even really started moving the gravels out of the Black Channel yet

There in lies the problem.

but given a little time, the money (gold) will be produced.

What exactly is "a little time"?

Here is the problem. Forget the fact that mining is years behind schedule, We were told...
On March 7th

•The work to complete the Big Bend Raise into the Black Channel will be accelerated to complete this task within the next 6-8 weeks if not sooner.

on May 6th at the 8 week point

The Big Bend raise being constructed into the Black Channel is nearing completion.

then we "gave them a little time" and 3 weeks later on May 27th

The Big Bend raise is expected to be completed by the end of next week.

So we "gave them a little time" and 3 weeks later on June 10

access to the Big Bend section of the Black Channel has been achieved, as the Big Bend Bypass Raise has broken through into the Black Channel gravels.

What exactly is "access"? Is that a 1 inch hole broken into a cavity in a cave in? I know "access" is 1 part of what a "complete" raise is for.
So... What do you call "complete"?
I call complete anything that is done being created and can be use for the purpose it was intended.

Is the raise "complete?

No. So we "gave them a little time" and on june 27...

the Big Bend raise is currently being timbered to reinforce the ground support and secure the accessway. A bulkhead has been installed, and the raise is being compartmentalized to provide an ore chute to the Ruby tunnel haulageway....

the Big Bend raise timbering to be completed around the same time the drilling program is winding up later this month, at which point our geological team will turn their attention to the evaluation of the Black Channel.

So no the raise is not "complete"

Remember... At the beginning of March we were told 6-8 weeks to "complete" the raise. Here we are 16-18 weeks later and we still do not have the raise complete so what is "a little time?

Because in that period of time that was supposed to take 6-8 weeks they have diluted well over 50 million shares since then.