Replies to post #54171 on North Bay Resources Inc (NBRI)

[norcalgold]

Like i responded to another trader that recognized me from NBRI... Newbies at the bottom don't see this SP 'struggling' or 'pathetic' since we got in at the 'bottom'. I think of it more like were treading sideways until earnings are proven. Then up we go NBRI

[Spanky227]

Obviously NBRI's PPS dropped with every miner on the planet when the POG dropped.

Getting some gold news this week will help PPS, but if gold continues higher back to $1400-$1500 range PPS will go higher without finding any gold.

NBRI could post they have only found a few ounces over the last 3 weeks while POG languishes around $1200 and PPS could dip back into the .02's. Then 4 months from now they announce they have sampled 250 ounces in the black channel and it will be ramped up to full scale mining with initial targets of 500 ounces per month immediately and PPS could rip to .25.

The white channel could surely give us a nice PPS boost but isn't something we must have to keep moving forward. Long term PPS has little to do with news of the white channel.

If we assume there is X amount of gold left in the Ruby (200,000 - 500,000 ounces) the gold in the white channel could at best be 1%-2% of that total amount of gold.

The black channel has more like 10%-15% so it is much more important to the success of the Ruby.