Replies to post #92249 on North Bay Resources Inc (NBRI)

[es1]

SELL 50% of the output of the RUBY MINE during the next 20 years for $2 million

Well there is not a financer on the planet that would give a mine $2M for 50% when there is no way to tell them what the 50% will be. There is no resource value here and the only number available shows NBRI producing About $1500 a year.

You might find someone willing to loan PL $10K for 50% of the for 20 years and they might break even.

They need shares. It is the ONLY option for the company. Nobody is buying Fraser when they can not even see a path past the first nation blockade and the other properties are in no shape to attempt to collect $2M on them all combined.

But lets just say they found a sack of money and got their 2M.... They would have no more debt and no more money. Now they need financing. What are they going to do? Go right back to the VCs with another toxic deal? It would be their only option other than direct dilution into the market. Either way the PPS crashes out due to dilution.

Use the 2m to reopen? VC dilution in the trips will never let this go anywhere.

There is no financing available here that would do anyone any good. No legit financiers would touch this company.

Would love to see PL get eaten alive on shark tank.

[Cee-It]

Now consider this possibility as a logical extension:
In order to get the $3 MILLION together you go to a CROWDFUNDING website and announce a holding company that intends to attempt to negotiate the deal to place $3 MILLION into NBRI for 50% of RUBY GOLD mined over next 20 years plus 10% of FRASER GOLD mined over next 20 years... you build an attractive site and include the plan to start distributing dividends from the income within 6 months of receipt of first income.

There may be some more legal issues in this, but a good law firm could be engaged for a few additional shares of the new holding company.

Just trying to show the possible benefits of: NEVER saying NEVER So, to be clear, I'm NOT recommending this approach and there would be far more details to evaluate before anybody should ever consider attempting it!!