Replies to post #73 on Chester Mining (CHMN)

[sanbrunobaby]

No problem, just a discussion so we all can invest/speculate better.

All three NI43-101 reports showed (a) resources in Chester area at 51 million ounces (b) reserves a bit unclear but seemed to be 5 million ounces (c) three of underground target areas Sterling projected 5 to 8 years production from high-grade Chester areas.
- so considering share count of Chester, and that Chester doesn't have to invest anything, the leverage is enormous.

Keep in mind also low share count of Chester. Probably even lower actually that are in market since company formed over 100 years ago so many shares probably lost over the years. When Chester was at $3 and $4 per share, certainly no big flood of shares hit the market.

You are right who knows production timetables. But Sunshine has a mill which Sterling put back into production under De Motte and Mclean; I assume permits still in place.

Revett though will probably have better liquidity, and may move up before Chester.

Both seem good speculations on Silver price.

[sanbrunobaby]

Not sure what flooding you are referring to. Sterling lowered the water level and certainly new owners have kept the process up. Sterling lowered below 3100 level and was approaching 3700 level. Their initial production ( besides upper country) was at 2700 and 3100 level so flooding wasn't an issue. Any deep mine has to pump water out.

You make good point what review is going on about the fire that occurred. But wont go on forever. Kind of strange Sterling won National Safety Award but new owners had fire , and then last year someone died at the mine but mining is a hard business.