Core Viewpoint - North Bay Resources Inc. has commenced gold production from its Fran project in British Columbia, with expectations of early cash flow as shipments increase through the Bishop Gold Mill [1] Group 1: Project Development and Initial Findings - Initial trenching has revealed high-grade surface assays, with mineralization expanding in multiple directions and increasing with depth [2] - The ore consists of chalcopyrite, galena, and silver, described as "highly mineralised" and easily traceable [2] - The project has shown continuity in mineralization, with significant findings in trenches B and C, indicating a promising sulfide zone [3][4] Group 2: Economic Viability and Revenue Projections - The company anticipates immediate revenues from the mill, with consistent ore grades at half an ounce or better, leading to an estimated revenue of approximately $75,000 weekly from 66 tonnes of ore [7][8] - The all-in cost for processing is about $400 per tonne, with a projected profit of $600 per tonne after refining costs [8] - Future plans include moving to a 10,000-tonne test permit to extract more high-grade ore, with potential profits estimated between $50 million to $100 million [9][11] Group 3: Long-term Strategy and Resource Potential - The core main zone of the resource is estimated at 20 million tonnes, with an additional 40 million tonnes in the east zone, indicating significant long-term potential [10] - The company aims to scale processing capacity to 1 million to 2 million tonnes, transitioning towards becoming a mid-tier producer [10] - A dual-path strategy is in place, focusing on high-grade ore for initial cash flow while planning for larger-scale operations [12]