Replies to post #126247 on North Bay Resources Inc (NBRI)

[againstallodds]

The more they ship, the more they lose

Smell lawsuits

[gitreal]

Thanks for doing the math. Investors were led by the nose for months about how those super sacks shipped 1200 miles were just the start of an awesome, money making operation. Then the truth came out. LOSING MONEY with each bag of gravel!

Investors should be furious but no.....they don't seem to care. Being lied to is something they're used to, apparently.

[SM2824]

Soooo - IF you use published data that is based on an averaged estimate of the amount of gold per ton, (NOT the Worst case of 0.03, but 0.5) the math works out differently. Try it!

[SM2824]

Lets do some simulation here:

You can put this into a “STICKY” if you DARE.

Fran ore gold content averages 0.5 ounce per ton
1 supersack contains 1.5 ton of raw ore
Lets fix the gold price at $3500 per ounce

The value in gold contained in a supersack is:

0.5 c 1.5 x 3500 = $2,625.00

And lets suppose Bishop can extract 80% of it, then amount of gold in a supersack is $2,100.00

It is said that transportation costs for 1 supersack was $250

So NBRI would earn $2,100 - $250 = $1,850

BUT…

Lets do some simulation here

Fran ore gold content maximum is 2.23 ounce per ton
1 supersack contains 1.5 ton of raw ore
Lets fix the gold price at $3500 per ounce

The value in gold contained in a supersack is:

2.23 c 1.5 x 3500 = $11,707

And lets suppose Bishop can extract 80% of it, then amount of gold in a supersack is $9,360

It is said that transportation costs for 1 supersack was $250

So NBRI would earn $9,360 - $250 = $9,110

HOW about them apples??? NUGGETS. BARS.