Chester Mining (CHMN)

[sanbrunobaby]

Guess somehwere on internet there must be the old sterling powerpoints showing the high grades in the deeper Chester areas. There is the Sterling NI43-101 report on sedar.com. Many maps there.

The west chance ore body still had some fully developed stopes when mine shut down. Sterling drilled a few holes outside even the area of the inferred resources, and immediately hit ore-grade material. De Motte authorized Mclean to immediately to develop those areas,mining as they went, which Mclean was doing when management changed in May 2008. Sterling was only a few stopes away from positive cash flow from underground, and already cash flow positive from upper areas, when management abruptly changed.

Chester area very very very key to the mine, De Motte and Cambell both realized that and established good working relationship from what people say. ( De Motte also had very close relationship with Bob Hopper of the Bunker Hill, and Harry Magnuson).New management though in May 2008 (Voorhees and Meek) disrupted these relationships leading to Sterling losing major influence on Chester.

Looking at the ILDM example CHMN doesnt need to do anything except make noise at the right time for Sunshine Silver to wake up and come running.CHMN has certainly a lower float than ILDM had.