Replies to post #82482 on North Bay Resources Inc (NBRI)

[Spanky227]

Just want to point out this would be per mining location. NBRI will have 2 locations on line shortly doubling that ounce per week from 45.6 to 91.2.

Next year they will begin rehab on locations 3-4. By running 4 locations efficiently, which don't get me wrong is an incredible task but this team can do it, that would push production up towards 180 ounces per WEEK.

This would be 780 ounces per month or 2340 ounces per Q.

Gold at $1200.00 = $2.8M with approx 50% of that total as profit. Or $1.4M.

Even at 750M shares that is a Q profit of .0019/share.

This isn't counting any production from the Fraser, Monte Cristo or Mt Washington.

[integral]

Facts are, firms that audit public companies globally have audit standards to adhere by. Comps are readily available to firms from many sources, such as other clients and market research. Auditors cannot just take the word of a dubious CEO of a penny stock company when providing independent audit attest services. Where I get my info, it is readily available to me as my spouse has been in public company audits for years and research is made available.

If you want to spend $5000 you can buy research. However, Citi Research has not been so gentle of all in production costs as I have mentioned, they came in much higher for the trailing 12 months for 50% of the global gold production.