North Bay Resources Inc (NBRI)

[Spanky227]

What ever it is in the end it will be worth it.

My personal guesstimate is 160M-170M shares when Ruby is fully up and running and producing profits.

I hope for 150M in the last 3 years we have issued 45M shares total.

If we assume 170M shares and profit of $600.00 per ounce, assuming gold is still $1250.00/oz, on production of 24,000 ounces in a year we get $14.4M profit or .085/share.

However I am expecting higher gold in 2016 which every $100 higher in gold price will add an additional .0125 on our earnings under that scenario. So $2250.00 gold would produce .225/share profit.

Figure .015/share as a bare minimum profit from BC JV's and figure similar costs on BC properties of basically nil.

2016 .10/share profit easily doable.

PPS of $1.00 in 18 - 24 months. If gold is higher we could easily be $2.00.