Replies to post #95979 on North Bay Resources Inc (NBRI)

[chevy56]

Looks that way.....

chevy56

GLTA

[Huggy Bear]

Yeah, it was a ruse all along.

[sarshee]

I agree Bruce. The very idea that Perry did all of this just to make the lenders rich is outrageous, and just plain dumb. He got himself in trouble with borrowing from the wrong people, believing he could produce enough gold quick enough to pay them off and be done with them.
As for his hiring abilities in getting the right people to run the mine, he wasn't a very good judge of character or management.His lead geologist and mining Supervisor were total busts, he had too much faith in them and got burned like the rest of us. jmho

browndawg

[es1]

Nope i say that the money spent on rehab did not rehab the mine. They spent a small portion on some lumber and pipe and paid a crew of friends a very good wage to use up the lumber.
In the end a very small portion of mine has new walls and that is enough to claim "rehab" work was done.

Then pumpers started exaggerating the rehab like it was an all new mine.

From that point on there was no way to drag this out and mining had to begin.

Knowing that there was no feasible gold PL sold as many shares as he could and the VCs were able to make a profit as well.
Now all the rubes are broke and realize they were scammed so they are not going to be able to play this card again.

End of story.

NBRI and the ruby wont be pumped again. Ruby will be sold and maybe pop up again in a few years as a new scam.

PL will go underground after NBRI undergoes a ticker/management change.
A RS and new industry will be picked and PL will sell the shares he has in that company when they begin their pump.

That wont be till late next year or 2017