North Bay Resources Inc (NBRI)

[es1]

6-12-2014

As of the date of this report the Registrant has 182,931,697 shares of its common stock issued and outstanding

Shares Outstanding: 686,121,641 as of November 19, 2014

500M shares diluted in 6 months.
In the 6 months before spring you can count on a minimum of another 500M shares.
Why minimum? Because at the time the PPS was 150 times higher.
So while the only argument available is that PL is cutting costs and therefore dilution. There is NO WAY he can cut costs to 1/150 of what they were so dilution can not be less than the past 6 months, and will likely be 10-40 times more.
Why? Because the leases alone will be 500M shares a month.

I would say NBRI breaks the 1 billion mark by Christmas but probably much sooner