Chester Mining (CHMN)

[sanbrunobaby]

You may be correct about the current ownership of Independence as I was going by earlier figure.

As you point out with under 5 million share outstanding even without the Sunshine claims Chester's impleid value over its current market cap.

The Sunshine Chester claims are the jewell in the crown. The Behre Dolbear Ni43-101 originally quoted a resource of over 50 million ounces, but didnt identify which reserves on Chester ground. This is an even betted deal than the old independence Lead- which at $.50 a share and Hecla bought out for over $10.

The Chester claims have interesing history, Under Sterling's CEO Ray De Motte Sterling worked out with Chester for Sterling to own majority. When De Motte left, new team headed by Jim Meek and Roger Voorhees took over they traded for almost no cash the ownership back to Chester.Now new Sunshine owners stuck though with original lease with Chester, which grants Chester 20% of profits from all production from the Chester claims !

Chester therefore has for each share outstanding control of over 12 ounces of silver, or if one uses profit percentage, 2.4 ounces per share of Chester. One day Sunshine owners will buy them out- I think over $10 a share easy.