North Bay Resources Inc (NBRI)

[Monroe1]

There won't be heavy dilution as the mill will throw off organic profits. Jerod has already stated about expanding the mill once production begins. But depending on the timing...and the need to be fast accumulating other producing properties whether working current or past producers like Mt. Vernon may well call for a RS at some point. If it occurs it is to the advantage of the company to do it once we are well out of the trips....which may come sooner than most realize. Then a share raise could be needed depending to fund developing and acquiring other property. This also would be a time in which some big time operator decides to make an offer for the company. All this being a possibility. It is also likely that doubling or tripling the mill output very soon and being content with what we now have on the books along with some other properties Jared is presently negotiating will then be more than sufficient for all to be crazy happy without going totally giddy.
Uplisting IMO is a given and very easily attained unlike what most of us are accustomed to seeing. A small RS then may be advisable. For those who say a RS is always a killer are dead wrong. Not all, I just had another do a RS and the PPS is stabliized and growing. It allows for pension funds and other institutions to invest. Many of which are adding gold and other metal commodites to their portfolios as our world is going into uncharted territory. So, no matter, I am remaining long on NBRI. I see no headwinds presently.