Replies to post #76205 on North Bay Resources Inc (NBRI)

[hillzman]

Absolutely. We need to see $.05 again first! Assuming they achieve some decent production that can at least help pay the bills and reduce dilution, we might even see $.10 again. But as for market cap, that even seems a bit high. JMHO

[Spanky227]

Foxwoods,

I also think dollars are possible in the future. If you look at NBRI as a 3 stage gold miner.

Stage 1 is the Ruby. Enough gold to mine for decades. Not a huge money maker but a consistent earner with the possibilities of large finds.

Stage 2 Fraser, Monte Cristo and a few other easy to mine BC properties. Again not much cost here just a 20% royalty and the JV does all the work.

Stage 3 Either new properties or others already locked up step up and begin producing. This will require a rising gold price but I think most of us know that is coming. Some of NBRI's properties hold billions in resources but would be expensive to start up and mine. However with a rising gold price by controlling these rich properties NBRI could easily become an acquisition target and could fetch dollars per share. Best case scenario this is 2-3 years down the road and when gold pushes through $2,000.00/oz.