Chester Mining (CHMN)

[brandemarcus]

1. If you go online to usa silver's site they are claiming huge potential for lead -silver zone in the caladay project. Hecla was supposedly very interested in the ground between the couer and the sunshine (near chester) which is close to American silver. In any case before 2005 the galena and Coeur were able to operate at very low silver prices. You can confirm this by looking at sec reports for cde. I think the case for acquisition is that sunshine needs a revenue source since they will run low on cash if they can't do an ipo.

2. I'm unclear on your answer. Do you think 1.5 million produced annually from chester is too high or low an estimate based on the 43-101. I also forgot whether the estimate was $11 cash cost or full cost? I'm not as interested in the mine life because the time value of money means whether the mine life is 30 or 45 years is not that huge factor in the valuation.

3. Another question would be about the potential for the bismark property or the mineral mountain area which was acquired by chester according to Mr. Cambpell.

4. Another question is why chester was last able to pay dividends in the 1960's or ealy 1970's? Why was there no later dividends?


5. After a lot of hype in May and June , Black mountain resources has suddenly become quiet about any progress at New Departure. In any case this property is not very crucial to the valuation case for chester.
There is still a chance for pleasant surprise since Chester owns a million shares and 3% nsr on the property.

6. Have you any opinions on the independence resources properties such as the cobalt property in Idaho or the gold-copper property in California?