Replies to post #53193 on North Bay Resources Inc (NBRI)

[Spanky227]

Malc,

80% if this down move is only because of gold price. As I have states before this is not an NBRI issue it is a gold issue.

Comparing a chart of NBRI from its highs to GDXJ is almost the same performance. Both are down 80%. Once the price of gold bottoms, which it may have already did so, NBRI and all the other smaller miners will head back toward new highs.

To blame positive posters on this board for something that is only because of the drop in the POG and a few short delays is just silly.

[rarefind]

nbri I'm not sure of the story called nbri is suppose to deliver anything more then just enough to keep investors from selling their stock.Nbri will pull the sample trick from the ruby, then close for winter(thats if their smart).Then comes the pick a mineral claim site pull the hocuc pokus Geo report out .After that its pretty much as you said 60k ruby,2k tabor,7k mineral claims,banner ads,plus interest payments ect per month bills setting in. Gold will resume its slide into 2014 which pretty much will teach a long hard lesson to metal investors.Don't go long in a bear market,don't fight the trend. This bear market in gold will roll about 60% of the juniors and the micros will lose my guess 95% of the PPS and most will go belly up.Of coarse thats just my opinion......005 is my target

[rarefind]

nbri anyone now what happened to all the equipment? Anyone remember reading anything about a archeological report needing to be done?
http://www.marketwired.com/press-release/north-bay-resources-inc-nbri-mining-operations-begin-at-fraser-river-project-otcqb-nbri-1716823.htm

Heavy equipment, including excavators and loaders that had been prepositioned over the summer above Lytton, BC, is now being deployed on-site. The custom mill and pump systems are expected to arrive on-site and be assembled early next week. The initial work will consist of excavating a series of test pits to depth, and then processing the material through the mill to measure and optimize the gold recovery rate. The mill in use is a gold recovery plant with a processing capacity of 10 to 20 yards per hour, and which can be expanded to up 100 yards per hour once the decision is made to begin full production. The production decision will be based on the results of the metallurgical testing that will measure and determine the recovery rate of the resource.

The previous miner at the ruby had almost the same story line as nbri in fact if i didn't know better I'd say nbri is following it almost to the tee.A whole lot of "great story prosperity" and very little ever gets done and when it does get done.Not enough is ever actually found.These are mom and pop operations. Surprised not many investors who say the do all this DD are fooled by the same old game plan....imo...005

Frugal Mr Leopold doesnt have to pay those BOD salary's either! Thats why the O/S is only 135 million..

Thats true and one way to see but i think its more like better not have more eyes watching out to see what were doing.Kinda like the loose lips sink ships phrase. Or the scooby scenario, keep them meddling kids away from here