North Bay Resources Inc (NBRI)

[es1]

You are right if he can secure funding. But what funding does he need?

Well to begin with he will need well over a million just to pay the VCs
Then he will need at least another mill to pay the back lease assuming the real owners have not taken it back.
Then at least another million to get the people to work the mine. And another half mill to rehab the mine from damage done after over a year of inaction.

So after about 4-5m bucks he can get the mine inspected to see if he is even allowed to enter it.

All in all he will need a year or more before he ever removes a single rock from the hole.

Then he can start trying to figure out where there is some gold and hope there is stable ground around the area.

Yup good things coming when PL finds about $10m and we sit through 2 years of dilution.


Any clue where he can find a no collateral loan for $10m?

I didnt think so.