Thanks for information. <br /> <br /> Yes the 7% royalty quite clear;y applies only to claims Sunshine Mining owned. I cant imagine that none of the reserves are on Chester ground and even less even if just APEX rights the Chester vein resources are not related to Chester ground. <br /> <br /> However the main investment thesis remains- Chester owns a key part of what is necessary for the Sunshine to become a long term producer. At some point Chester receives cash from production, or is bought out. With only 5 million shares outstanding, and I assume a very very low public float ( I think under 600,000 shares), this is a medium to long term winner. Probably the best speculation in the industry if one has patience, IMO.