Replies to post #34 on Chester Mining (CHMN)

[sanbrunobaby]

In response,

1. Have been following the juniors for a long time, the 1967-1968 I wasnt around but was a fantastic run, so was 2003-2006 for some stocks. Sterling had an incredible run, so did Chester at same time, American Silver also did well.

2. ILDM was another great run for the patient.

3. Lucky Friday story was best, actually if I recall last bit of Lucky Frday Hecla purchased way over $50.

Problem is now with new rules by clearing agents etc, whole sector dormant but I think Chester will prove the exception.

4. Sunshine Mine- on SEDAR website there is the NI43-101 plan Sterling did as well as that of Sunshine Silver. The original plan De Motte and Mclean put together taken over by Sunshine Silver except they are preparing a massive expansion in capacity. The real kicker is the Sterling tunnel built 2006-2007 which opened up all sorts of new upper country area for exploration.Thi sis in addition to deep targets from 3700 level.

Only wild card is how Campbell chooses to play his cards, hopefully holds out for $5 to $10+ plus per share, and maybe he will release unaudited financials one of these days.He has been around since old Spokane exchange days so he knows his stuff.

[sanbrunobaby]

Metropolitan Mines ( MEMLA) also in a somewhat similar position to Chester in relation to the Sunshine Mine.

If you look at the history of the mine you will see savvy operators locked up these small juniors.

- Sunshine Mining Company owned 51% of Chester, had major ownership in Metropolitan, and bought several surrounding penny juniors. When Sunshine went under, they lost this control.
- When De Motte took over Sterling, he developed relatons with key players in the Silver Valley, and got control of Cheser and major agreement with Metropolitan.
- When Sterling changed management in May 2008 the new people ( Roger Voorhees, Jim Meek)embarked on an inexplicable strategy of getting rid of control of these companies ( hence why Cambell got control of Chester back).

So it is very likely Sunshine Silver will seek control of nearby juniors, and definitely have to have control of Chester. The contracts are based on very old agreements which are not always clear on APEX rights - no mining company wishes to become embroiled in legal challenges to where veins extend onto nearby propertiesm so easier just to buy control.

Other companies that may attract interets in a real silver boom might be ASLM or even SBUM, but CHMN remains best bet followed by MEMLA.