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Re: brandemarcus post# 34

Thursday, 06/20/2013 8:20:02 AM

Thursday, June 20, 2013 8:20:02 AM

Post# of 88
Metropolitan Mines ( MEMLA) also in a somewhat similar position to Chester in relation to the Sunshine Mine.

If you look at the history of the mine you will see savvy operators locked up these small juniors.

- Sunshine Mining Company owned 51% of Chester, had major ownership in Metropolitan, and bought several surrounding penny juniors. When Sunshine went under, they lost this control.
- When De Motte took over Sterling, he developed relatons with key players in the Silver Valley, and got control of Cheser and major agreement with Metropolitan.
- When Sterling changed management in May 2008 the new people ( Roger Voorhees, Jim Meek)embarked on an inexplicable strategy of getting rid of control of these companies ( hence why Cambell got control of Chester back).

So it is very likely Sunshine Silver will seek control of nearby juniors, and definitely have to have control of Chester. The contracts are based on very old agreements which are not always clear on APEX rights - no mining company wishes to become embroiled in legal challenges to where veins extend onto nearby propertiesm so easier just to buy control.

Other companies that may attract interets in a real silver boom might be ASLM or even SBUM, but CHMN remains best bet followed by MEMLA.