North Bay Resources Inc (NBRI)

[Monroe1]

Interesting side story to the prior silver squeezes and crashes. Bunker Hunt began his silver consolidation in 1974 through Conti, Clayton, and others. He came often to our large office to watch the screen of commodity prices which stretched almost the entire width of one very large trading floor. He was an oddball sort of fellow for sure with thick coke bottle glasses. You would never guess he was a billionaire oil tycoon. They claim they broke him though he had the last joke. It came to an end in the early 80's but they did not know of all his holdings he accumulated with his brothers ten years earlier. He loved to eat What-a-Burgers with jalapenos and cheese!!

In my estimation, the coming surge in silver will last quite awhile longer than past similar episodes. The huge silver demand is fueled by shortages not from speculators rather from actual need for silver rising due to high tech applications not existing previously and from solar panel demand. Then too, there is the normal rising to stay close to past ratios of silver to gold prices. As gold goes up it drags silver with it.

It will be interesting to see how the JV silver play turns out to be milled at Bishop.