Replies to post #9843 on $ Junior Mining and Exploration $

[kiwisteve]

NBRI - valued at just a little over $5m

For this you get:


* A fully-reporting junior mining company, transitioning from an exploration company to a gold producer in 2011.

* Low O/S, low float, majority owned by insiders.
Market Value - $5,038,544 (.06)
Shares Outstanding - 83,975,748 a/o March 11, 2011
Float - $58,349,771 a/o March 11, 2011


* Acquiring the historic Ruby Gold Mine in the Motherlode District of Northern California with total resource is estimated to contain up to 500,000 ounces of gold.

* Fully-permitted and ready to resume production this year. (The Ruby Mine is famous for its jewelers-grade gold nuggets, the largest of which (so far) weighs 201 ounces.)

* Annual revenue from on-going Joint-Ventures in Canada.

* Over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada. (Properties contain deposits of precious metals, including gold, silver, platinum, and palladium, as well as base metals, including copper, zinc, lead, molybdenum, vanadium, and rare earth elements (REE).

* $3 million in work commitments from JV partners in Canada

* Business plan based on the Generative Business Model, designed to leverage properties into near-term revenue streams even during the earliest stages of exploration and development.

* $5 million equity credit line in place; $7.5 million in non-dilutive EB-5 funding in the pipeline.


...seems like quite alot for 5 million?
http://www.northbayresources.com/ruby/





Kiwi



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