$NBRI..Terrific non compensated mention of NBRI in
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$NBRI..Terrific non compensated mention of NBRI in The Gold Report!>>>>Mike Niehuser's Gold Investing Lessons from Banking School
TICKERS: AXR; AXU, CKB; CVXHF, HDG, NBRI, NG, ORN, SEA; SA
Source: Special to The Gold Report (9/7/12)
"TGR: Any companies in the U.S. that are ready to surprise?
MN: After the Independence Day holiday we visited North Bay Resources Inc.'s (NBRI:OTCBB) Ruby gold mine in the Sierra Nevada northeast of Sacramento, in the northern extension of the California Mother Lode. This is a fully permitted, past-producing underground placer and lode gold mine. The Ruby was in production until World War II. The mine at that time was enjoying the greatest operating results. The mine and equipment have been maintained in exceptional condition and, pending completion of financing and completing rehabilitation of underground workings, should move back into production.
While modest in appearance for its early production potential, management is preparing to reopen the mine and begin gold production while initiating an exploration program to further expand and delineate the resource. We see long-term potential with Ruby, but more important for our purposes, the potential to surprise investors with a new producing gold mine in California is compelling."
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