North Bay Resources Inc (NBRI)

[Cee-It]

Incremental funding of the effort to explore that new channel could become part of a contingent agreement... risking $150K to explore the reality of the deposits in that channel could provide the leverage for the subsequent $2 to 4 million for mining.. so a mezzanine financing arrangement that would lead to a substantial capital source seems feasible... such risk capital is a possibility... I've seen it done to explore feasibility of new wells and of new mines. The first money (the $150K in this example) gets substantially more per dollar than the subsequent $2 to 4 million... just like peer to peer lending where you can turn your capital with much higher returns (and risks) by working directly with peers that need a little loan. It is proven and even a number of billionaires have some risk capital in such ventures because the returns justify the risks.

Never say never.