Replies to post #92198 on North Bay Resources Inc (NBRI)

[es1]

I still think and hope that NBRI would get back to work. If they do that there are extremely good chances in finding 'economic' gold so to speak in large enough quantities to make it work for everybody/shareholders.

I understand your hope that NBRI returns to work and I can understand your assumption that if you dig in an old mine in northern California there is a chance that you can find gold that is profitable.

What I don't understand and what I think you should explain is how you think NBRI can return and how you think that this mine has a chance at profitable gold on a commercial scale.


I can spend 100 bucks and drive up to the ruby and find 4 grams of gold and prove there is "profitable gold". My expenses are not a fraction of NBRIs though. So while there are millions of ounces of gold in N Ca there is not enough of it in one place to cover the expenses of a commercial mining operation. Rubys yield has already proven that for years.

Then you have to consider NBRIs position. Even if the ruby had the gold needed to supply a commercial operation how do you expect NBRI to get to it when they have a huge debt issue and the VCs are on the verge of taking the mine. The share value is basically worthless so there is no bank or business in the world who would accept them.

There is no access to money and even if there was any move made to prove gold out would still only help the VCs.

Any PPS move will be sunk by VCs with billions of shares in the trips. They can keep the PPS there no matter what happens.

PL needs $2M in gold... 1700 ounces... with no help. And he needs it now.
even if you gave him a yield 10x higher than anything they produced it will still take PL 10000 tons of ore to pay the VCs before he can hire a miner.
If he starts digging now and digs 2 tons a day he will pay the VCs in 10 years or so.


So since this post is not the "daily grind" I would like to here your realistic detailed plan of operations that leads NBRI to working again.

Seriously... Let see your "daily grind" of "millions in gold" vanish and be replaced with a real explanation of how you "think" NBRI will work again.

You have mine.