Chester Mining (CHMN)

[sanbrunobaby]

Thanks for information.

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.

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.