re = /\/(?=[^\/]{5}(?:\/| |$))/m
str = '07070 should give me 07070
07070/01010 should give me 07070 01010
0/0/0/BBBBB should give me 0/0/0 BBBBB
AAAAA/BBBBB/CCCCC should give me AAAAA BBBBB CCCCCC'
subst = ' '
result = str.gsub(re, subst)
# Print the result of the substitution
puts result
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for Ruby, please visit: http://ruby-doc.org/core-2.2.0/Regexp.html