gitreal
11 hours ago
This is all that CMC said about the mill: Sale of Bishop Gold Processing Mill: An amendment of the original purchase agreement for the gold processing mill in Bishop, California, whereby North Bay Resources Inc. (“NBRI’) acquired 55% ownership of the mill assets in partnership with 1436132 B.C. Ltd, that provided CMC with $400,000CDN in common shares of NBRI and $100,000USD in payments. The original purchase arrangement provides for a further $150,000USD in payments and $200,000 CAD in common shares in 2025 (see cmcmetals.ca News-2024 press releases dated April 4 and August 15, 2024).
Nothing about being fully permitted. Nothing about being operational. Where's the lie?
againstallodds
2 days ago
0.5 oz of rhodium per ton of ore can be considered a very high-grade deposit. Here's why:
* Rhodium is extremely rare: It's one of the rarest and most valuable precious metals.
* Typical grades are much lower: Most rhodium deposits have significantly lower grades, often measured in grams per ton (g/t).
* Economic viability: A grade of 0.5 oz/ton could potentially make a mining operation very profitable, depending on factors like:
* Recovery rates: How efficiently the rhodium can be extracted from the ore.
* Mining costs: The expenses associated with extraction, processing, and transportation.
* Rhodium price: The current market price of rhodium fluctuates significantly.
Important Note: It's crucial to remember that determining the economic viability of a mineral deposit requires a comprehensive analysis by experienced mining professionals. This would involve factors beyond just the grade, such as:
* Resource/Reserve estimates: The quantity of ore that can be economically extracted.
* Metallurgical studies: Feasibility of recovering the rhodium using various methods.
* Environmental and social impact assessments: Potential risks and mitigation measures.
* Market analysis: Long-term outlook for rhodium demand and pricing.
Disclaimer: This information is for general knowledge and discussion purposes only and does not constitute financial or investment advice.
gitreal
2 days ago
( YES I am holding a winner)
You still holding MXSG? That was a "winner" for you too, wasn't it?
If your DD consists of who is on the breakout board and most read, most posted, you are in for a rough ride.
How about looking up what this company has said about their rhodium values, higher assays than any mine on Earth, ever. Doesn't that throw up some red flags for you? No? You're okay with outright likes like that?
rich2
2 days ago
Am I holding a winner ? the question I ask myself on low volume days. To dis-prove more than me is interested in NBRI. Usually, daily at the end of the day
I view what happened. For the last 3 months I always find NBRI on the breakout board, most read, most posted most active etc. sometimes all of them in a single day. = possible future buyers
I also look at the buy to sell ratio; today 3 to one, yesterday 7 to 0 seems to be improving not declining.
I am so glad when I saw the change to a new CEO(Jared) I bought some. I live in California and know exactly where they are digging(could lead to a new California gold rush.) Now I wish I had bought more. Prudence and patience are virtues. I realized that as I witnessed what Jared stated, he accomplished just like he said. That increased my prudence which has enabled me to have patience, haven't sold a single share
Waiting to see some yield reports. My humble opinion is in 2025 NBRI will fly( YES I am holding a winner)
delerious1
2 days ago
Regulatory & ComplianceThe Evolution of the OTC Market – Introducing OTCIDCromwell CoulsonOctober 14, 20241 Comment06k
In July 2025, Pink Current will become OTCID – a Basic Reporting Market for companies that meet a minimal current information standard and provide management certifications. Issuers that do not provide updated information will shift to the Pink Limited Market or to the Expert Market.
Over the past 25 years, OTC Markets Group (OTCQX: OTCM) has modernized the OTC market from the paper Pink Sheets® to regulated, real-time trading systems that facilitate trading in over 12,000 securities, totaling hundreds of billions of dollars in transactions each year. Our markets are global – trading in international companies represents more than 90% of our total dollar volume. The largest trading firms in the world ingest our real-time market data, financial information and compliance files.
First Principle: Open, Transparent and Connected markets that empower regulated broker-dealers to lawfully trade any security that has investor demand.
Organizing markets and connecting investors and brokers to company information has driven our evolution. On our OTCQX and OTCQB markets — qualified companies engage with investors by meeting a series of financial and disclosure standards. We built processes that allow companies to verify their credentials, provide ongoing disclosure and demonstrate their compliance with federal and state securities laws. These advancements empower public companies to create an information experience that, from an electronic perspective, looks and feels like every other equity market around the world. We provide investor-focused companies functionality to take ownership of their symbols and access a wider range of brokers and investors. Over time, the OTCQX and OTCQB markets have become widely accepted and understood by broker-dealers, regulators and investors. The financial ecosystem now relies on a rich stream of market data and company information to make trading and investment decisions in OTCQX and OTCQB traded securities.
Similarly, the lower segments of our market – the ‘Pink’ markets – provide important information for brokers and investors. Through our risk flags, we highlight a range of risks and specifically address anonymous promotion. While our market integrity initiatives have improved market quality, they also highlight the asymmetries and trading inefficiencies that result when there is no direct connection with the issuer.
Second Principle: Greater issuer engagement drives market quality, price efficiency and trading volumes by improving visibility, information availability, data integrity and compliance.
As we have increased the qualitative and quantitative standards of our OTCQX and OTCQB markets, it has become apparent that we need a home for companies that actively provide ongoing disclosure and demonstrate compliance with securities laws, but cannot qualify for OTCQX or OTCQB. That realization leads us to take the next step in organizing our markets.
In July 2025, Pink Current will become OTCID – a Basic Reporting Market for companies that meet a minimal current information standard and provide management certification, without the qualitative standards of our OTCQX and OTCQB markets.
Engaged, transparent and compliant companies are better for public markets.
Issuers that do not provide updated information, ongoing reporting and the required management certifications will see their securities transition to the Pink Limited Market or to the Expert Restricted Market, whichever is applicable. This will make it clear that the issuer has no ongoing relationship with OTC Markets Group, while still allowing broker-dealers to serve clients willing to trade these securities. The “Pink” branding is well suited to warn investors of the potential for market imperfections, issuer information asymmetries and other risks of these orphaned securities.
Looking Ahead
We will publish the requirements later this year to give companies ample time to provide the information required to meet the new market eligibility standards for the OTCID Market.
As markets become further electronic, current data from compliant companies will increasingly matter, for both corporate reputations and share valuations. The best companies will seek to stream the highest quality information to the broadest set of investors in the US and around the world.
https://blog.otcmarkets.com/2024/10/14/the-evolution-of-the-otc-market-introducing-otcid/
delerious1
2 days ago
I sure hope Ceo JL knows about this deadline:
"OTCID
In July 2025, Pink Current will become OTCID – a Basic Reporting Market. Companies must provide an initial certification by July 1, 2025, to qualify for the OTCID Basic Market. Yes, existing subscribers to the OTCIQ Basic Service will need to apply for the OTCID Basic Market by January 31, 2025. By July 2025, companies that have not taken necessary action to qualify for the OTCID Basic Market will be downgraded/transitioned to the Pink Limited Complete eligibility requirements will be introduced in early 2025."
TAZMANS
3 days ago
$NBRI Agree! I expect great news about the system upgrades and final volume yields very soon.
The key is "patience":, the ability to wait, or to continue doing something despite difficulties, or to suffer without complaining or becoming annoyed.
OUR MT Vernon mine is sitting on top of 900,000+ tons of gold-bearing ore, with the Fran mine providing (today) the initial 5000 tons of start-up material.
IMO OUR NEW start-up mining/milling company will never be a 1 day, week or month rocket ship.
I want to see a battle-hardened mill (fortress) once turned on operating 24 hours per day consistently. With that, everything else will quickly fall into place and this share price will be a far far far distant memory.
Have a great weekend,
TAZ