Chester Mining (CHMN)

[sanbrunobaby]

Chester is a medium term dream stock if you want leverage to silver.

1. Low Public Float : while under 5 million shares, most in hands of insiders who can only sell 1% of outstanding shares per quarter.

2. Resources/Reserves : the NI43-101 rpeort on the Sunshine Mine ( available on sedar ) shows over 50 million ounces in the Chester vein area.

- How many low priced stocks like this have a NI43-101 report showing actual resources located in the heart of the richest silevr mine in American history AND management who is waiting for much higher prices to sell AND not taking out salaries ?

3. Potential : the Chester vein area is part of any future of the Sunshine Mine. It has also other mining assets.

5. Merger/Takeover : Whomever ends up with the Sunshine Mine has no choice but to do business with Chester Mining.

6. Cheap Management : Management hardly spends a dime, doesn't take salaries.

The stock has traded as high as $6 in the past few years, and is very thinly traded. So key is to buy in small amounts and accumulate over time.

I would hazard a guess a good selling price would be in $6 to $9 range within 1 to 4 years.

For the more speculative investor, act as a market maker, have order in for 2,500 shares at least 15% over the bid, and sell 10% under the ask, but do so continually. Over time this for the patient investor can deliver good returns. Liquidity is low for this stock to be sure.