Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Chesapeake Gold An Intriguing Speculative Stock

In this article I analyze Chesapeake Gold (OTCQX:CHPGF), which is a highly speculative gold exploration company.

1: About Chesapeake Gold

Chesapeake Gold is a gold exploration company with a market capitalization of $139 million ($144 million fully diluted). It is a long term investment: while it owns what will potentially be a producing mine, there will be no production until 2017.

The company has five properties but almost all of the value in the company is found in its Metates project in Mexico, which is one of the largest gold and silver deposits in the world.

An investment in Chesapeake Gold is more or less an investment in the Metates property. However the company also has four other...

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