Replies to post #18675 on North Bay Resources Inc (NBRI)

[Bruce the Stock Guy]

Why not start now and generate revenue to fund the refurbishing of the mine shafts?<<<<Trust in Leopold the mastermind to make all the right moves..

[Robert869]

You should read the California Mining Journal April 1987 article
http://www.northbayresources.com/ruby/CA_Mining_Journal_Article.pdf

Here are some excerpts from the article, it appears that in 1936 they found gold after digging 12,000 feet from the entrance, but just as they started to get into full swing of mining the gold, the war broke out and the US government stopped their mining operations. It appears to me that Perry wants to start up mining at the point where they stopped in 1941/42 were they found gold and continue beyond that point, hence the expanded tailings area. Perry is not going to start mining for the sake of meeting an timeline of EOY, but instead is going to start mining where the gold was last found, even if it takes a little long and starts in 2012.

……………After blasting and drilling and moving mountains of rock, they finally began to hit pay dirt. More than 12,000 feet of tunnel lay between them and the mine's portal. "It really wasn't a deep mine, it was a lateral mine,"………….

………….."We started pulling gold out about 1936." Huelsdonk recalls. "But we got into it real serious in 1937, '38, '39,'40 and '41……………

………………In all, more than $2 million worth of placer gold nuggets were extracted from the Ruby during a four year period—and that's when the gold standard was $35 an ounce………………..

……………And if the war had not interrupted their mining operation, who knows how much gold Huelsdonk and Best could have extracted from the Ruby mine. "It seemed like we no sooner got onto the gold when the war broke out and the government closed the mine," Huelsdonk laments. "We were right in the middle of taking these nuggets, so you can imagine how we felt at the time."……………..

[gemstone57]

It takes the same amount of $$$ to mine both places.The end result/PROFIT is what matters.Perry is at the Helm no worries.You just need to ask yourself..."Do I Have ENOUGH Shares"

[Autopov]

The refurbishing is not to make the place look pretty. It's for safety. Nothing happens until the workings are as safe as can be. NBRI.