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1manband

08/29/16 1:09 PM

#97172 RE: iamjah #97171

$2 million wouldn't even make a dent. They are many millions in the hole, and even $6 million would just get them even to their past debts. They would still need at least that much more to try to resume mining at Ruby, but you still have the basic underlying problem....

Ruby has no economically extractable gold. There is nothing of value there. It is worthless.

NBRI used a bogus and fraudulent "NI 43-101" report to try to pump the stock and convince people that Ruby had value. It doesn't. It doesn't how much money they, or someone else, throws at it. What little gold is there cannot be extracted at a profit, which is why the mine was abandoned for 70+ years.

And the claim that other interests are interested in Ruby and might give NBRI the money has ZERO basis of fact. NBRI is flat broke and the purchase agreement is in default. If anyone was actually interested in Ruby, they wouldn't have to deal with NBRI and its massive debts and bloated share structure. They could just cut a deal with the property owner and take over Ruby for pennies on the dollar. No need to include NBRI in the deal at all.

But no one is interested in Ruby. It has no value and, in fact, likely has NEGATIVE value due to the reclamation costs and potential environmental liabilities.