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I will give you an example. Keep in

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brandemarcus   Thursday, 01/29/15 07:52:04 PM
Re: bigone post# 63
Post # of 88 
I will give you an example. Keep in mind you have to pay .22 cents for chmn so implied value is 1 million.
Here is an opportunity that I have been wrong on for along time but now represents even better value. For 14.5 million implied value you can buy stock in revett minerals. Company dropped 40% in value just recently when they postponed resumption of mining activities at Troy( because of low copper prices) which produced 1 million ounces silver per year plus 8 billion pounds of copper. Someday before 2030, they might have rock creek running which has 250 million pounds of silver and 2 billion pounds of copper. That might actually happen before the sunshine gets back in production. Of course Chester has no ability to change the lack of progress at Sunshine and Chester runs a tight ship and will survive a bear market better than Revett. Still I don't think Silver Wheaton that owns 16 % of Revett will allow management to totally destroy their investment but who really knows? Finally keep in mind that mines management next door to Rock Creek is valued by the market slightly more than Revett and they don't have the small mine in addition that Revett has.

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