What a bunch of ridiculous comments blaming everyone on earth for FCGD failings. Making up things doesn't hide the fact that FCGD since Gates left is declining steadily. Obvious maverickinvestors is someone closely associated with FCGD.

Good post ! I am in same position having followed HL for many years. I remember when it was under $1 ! HL and PAAS one can with patience get a good overall annual return, but patience needed to shut out the noise of short term commentators.

Doing DD on FCGD and SAGD found this DHSM board. Seems Parks and team are building quite a track record.

So Jason and Clarence, how much oil is being pumped currently ?

People are just having some sort of fun trading this stock. No one can seriously believe Parks and his team ( Castenir, Formato )
have any decency or respect for shareholders. Without exception everything Parks touches goes down. Now instead of just one company he is doing two at a time, FCGD and SAGD.

Reality is that Parks and his group ( Formato , Castenir ) get control of listed company. Get lots of convertible debt , make money for themselves, then move on to next. Speculators try to make a bit when they put out wacky press releases. Then company crashes.

Is there any indication Parks has management ability ? Every company he has been associated with listed in the filing has been a disaster. "Easy to run " - Parks cant even update a website after 2 months.

Are you referring to Asher or other toxic debt ? Looking at their other company FCGD and past history Parks likes to take on lots of convertible debt.

Going down to Pinks nearly certain. 10k due end of March. But last 10q no CPA signed off on. The 10q doesn't even make sense. So how do they do 10k when 10q isn't in order ? CEO and President are quite clueless.

If they go to Pinks then do they do reverse ? Hard to imagine CEO and President even having ability to do a reverse.

Better they call it quits and hand company back to Gates.

Used cars probably suits management team rather than anything else.

Funny filing with OTC. Incomplete. And virtually states company is now a shell. Wonder if they paid off Asher.

Never said a "93" bagger. He became President of FCGD and for around first two months it traded up, 4 times if I recall. Since then steady decline. Now under a penny. His prior venture declined and eventually halted. So yea SAGD could go up a bit before he runs it into the ground. Nothing yet shows President can run a real business.

Probably true shares are supposed to be restricted. Look at the filing closely, hard to take President serious based on his prior companies. And his FCGD is falling also. Maybe used cars something he can do something with.

Looking at OTC filing shows each and every company President Parks has been involved with has been a disaster. So maybe used cars requires same skills as selling stock.

Per the filing seems management issued themselves 1 billion shares. Guess 2 billion outstanding shares coming soon ! At least finally some news out.

if they will answer !

Good thought but doesn't seem many Canadian juniors have much money these days. Plus owners of these Silver Valley companies seem to be just holding onto the land. KPCM another example. SBUM has had a lease on their properties like ASLM and CHMN.

Question - Why doesn't President update shareholders or even update website ? Or even update outstanding shares at least ?

SAGD has same President whose track record repeats itself every company he takes over. AT least FCGD has some hard assets. By merging would create news, and if share exchange ratio favorable SAGD shareholders could benefit.

Curious how one would arrive at the conclusion that new shares being issued are responsible for price at these levels. For stock to go up demand must exceed supply - so management should give market reason why stock should be bought. So far they cant even put out any news or even update a website. Maybe they will merge with FCGD.

Interesting discussion. To me CHMN and RVN two plays on silver but different plays. Probably a place for both in a portfolio.

In response : I see no reason to doubt 3 NI43-101 reports quote of 50 million ounces at Chester. Plus keep in mind neither Sunshine Mining or Sterling made any big effort to increase underground resources. At the Sunshine according to the NI43-101 reports and Sunshine Mining reports grades on Chester ground increased at depth. So resource could very well be much higher. Second, key target areas at Sunshine on Chester ground, i.e. bodes well for increasing Chester reserves.

Second, 20% of profits + 4% NSR is quite expensive for Sunshine, will be much more economical to buyout Chester. Remember both Sunshine and Sterling controlled Chester so wasn't such a big issue. De Motte in one of his first moves made sure of this - after he left new management lost control of Chester.

Third, no doubt RVM has leverage to silver and with narrower spread, and easier valuation, my opinion is in early stages of silver boom will go up- however they have larger float and certainly will take advantage of silver boom to raise money and issue more shares. Chester is opposite- they will benefit more in later stages of silver boom, or when Sunshine buys them out. Chester traditionally doesn't issue shares. Just my opinion CHMN will in long run on a percentage basis outperform.

As far as Rock Creek and Montanore the permitting effort has gone on for decades.

Anyway both plays on silver going up !

did they go bankrupt

Interesting to be sure, I think King of Pine Creel similar situation. Guess though who would one buy the company from if Joe Wallace died ?

So it takes six months for President to update a website ? So new business direction depends on updating their annual list of officers ? Quite interesting track record President Parks is building.

Conceptually though ILDM same situation as CHMN. Sunshine must have Chester ground for long term viability. Silver Opportunity Partners has deep pockets and continued drilling following exploration plan Ray De Motte and Mike Mclean should have them well-prepared eventually for return to production.

What is strange is they have drilled in upper country which according to Sterling last filings was profitable. Hard to understand why they don't have limited production.

Different mine plan according to NI-43101 posted in that they wish to increase capacity through new mill. Unlike De Motte and Mclean less focus on work force so they may face some labor roadblocks in short term.

CHMN knows what it has and CHMN has staying power to wait for right deal. $5 a share X 5 million shares only $25 million which for 50 million ounce resource is only $.50 an once.

ASLM usually does very well in tail end of silver boom. Not sure what CEO of CHMN saying . some reserves clearly in Chester claims ( according to NI43-101 maps)not subject to royalty but they are legacy reserves. Clearly though key targets for future reserves are on Chester ground, and 50 million ounce resource for stock with less than 5 million shares outstanding is a great speculation.

A bit confused. How could CEO and President issue themselves shares that they could immediately sell without registering shares ? Still think only chance for shareholders is a change in management. Maybe go down to Pink Sheets to save administrative costs. There must be some value in oil assets they bought.

Merger could have benefits of creating news if FCGD can move their oil interests forward. Second, seems SAGD has no money to update press releases or website - maybe FCGD has some funds. Third,we are entering third month since management change so SAGD doesn't seem yet to have much going on that we know of.

Quite agree need much higher silver prices for the few remaining Silver Valley stocks to go up in price. Hopefully remaining ones stay trading long enough to benefit from next silver boom.

Since President gave himself 100 million shares you are probably right cant be voted out. On other hand convertible debt holders could force the issue. Still looking forward to CEO being brave enough to tell shareholders how much oil is being produced.

Kugelman an IR guy with experience, he must have stayed on for some reason. He couldn't do anything as CEO since here were no shares available.

Anyway now that AS raised new management has no excuse for not updating shareholders.

Any possibility of merger with FCGD ? (President is the same in both companies.)

Can one of moderators delete all the old information shown on IHUB which is so out of date ?

I don't know early history of company so you may be quite right.

So many Pink Sheet stocks especially "mining" companies have similar stories. These guys so inept though sometimes makes one wonder how much was greed and how much stupidity. I mean really, even a few hours doing research on industry and their silly "NI43-101" reports wouldn't have been done ( as you have well pointed out).

What I have always found profoundly interesting was posters who defended the company's inept disclosure.

Good forecast. With all the convertible debt outstanding though, a change in management sooner rather than later would be better.

I don't think anyone expects stellar management ability from the President given his track record. My assumption is every one just speculating that he will promote the stock for a while so maybe some gains possible.

Sadly President cant even update website or put out a press release.

Not sure what flooding you are referring to. Sterling lowered the water level and certainly new owners have kept the process up. Sterling lowered below 3100 level and was approaching 3700 level. Their initial production ( besides upper country) was at 2700 and 3100 level so flooding wasn't an issue. Any deep mine has to pump water out.

You make good point what review is going on about the fire that occurred. But wont go on forever. Kind of strange Sterling won National Safety Award but new owners had fire , and then last year someone died at the mine but mining is a hard business.

No problem, just a discussion so we all can invest/speculate better.

All three NI43-101 reports showed (a) resources in Chester area at 51 million ounces (b) reserves a bit unclear but seemed to be 5 million ounces (c) three of underground target areas Sterling projected 5 to 8 years production from high-grade Chester areas.
- so considering share count of Chester, and that Chester doesn't have to invest anything, the leverage is enormous.

Keep in mind also low share count of Chester. Probably even lower actually that are in market since company formed over 100 years ago so many shares probably lost over the years. When Chester was at $3 and $4 per share, certainly no big flood of shares hit the market.

You are right who knows production timetables. But Sunshine has a mill which Sterling put back into production under De Motte and Mclean; I assume permits still in place.

Revett though will probably have better liquidity, and may move up before Chester.

Both seem good speculations on Silver price.

Historically CHMN shows a great percentage increase when there is a real silver boom as investors/speculators look for US silver plays.

As far as Revett, like Mines Management they have had permitting issue for years, even decades. I think you are right both would go up with positive silver prices. I guess what I like about CHMN is story is simple and management keeps costs down to almost nothing waiting for the time buyout happens. They have silver reserves and resources, for which they have no holding costs- and for which America's richest silver mine must have for long term production plans. So if I have to hold for 1,3 or even 5 years, which would give better percentage return ?

This is even more compelling than before. Sterling's production plan was 5 million ounces a year, new group want to expand to 8 million ounces. So they need Chester !!!

I recall Chester had other assets as well. So a market cap of under $700,000 is a steal.

That could be part of a turnaround plan. Probably would have to involve negotiating with convertible debt holders. Assets acquired may take time to sell or turnaround. Doubt current CEO and President have ability to navigate such a situation.

Convertible debt holders need volume to get out of their positions. So maybe they would work with credible management.

Who knows when CHMN will turnaround but it will. The future of Sunshine Mine at deeper levels is on Chester claims , so at some point they will buy Chester. Same thing happened with IDLM which Hecla had to buy out at over $10 a share ! Sunshine owners have deep pockets. Remember De Motte got mine up and running, and opened up the tunnels in the upper country with ore no one had access to for decades - so Sunshine at right moment will be up and running again ! But who knows when. Gossip is that Sunshine owners want to do massive IPO when silver back at $40 an ounce and not before

IMO Chester will be bought out at $10 to $15 a share one day.

SHSH seems to be slowly disappearing. Amazing trading at these levels even in this market. Agree that ASLM probably the most dormant, but price has been much higher in the past.New NJMC group certainly appears to have staying power. CHMN a real sleeper , Sunshine owners need to buy one of these days.

Shoshone seems so very quiet. Hope Ryan can pull a rabbit out of his hat !