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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Chuca Marsh who wrote (5999)11/30/1997 6:52:00 PM
From: GlobalMarine   of 20681
 
Chuca: If you have a patent, the land is yours, lock, stock and barrel. The government cannot impose royalties because you own the land.

If you have title to mining claims on BLM land but don't have a patent on the land, the government still owns the land and you're simply extracting (raping and ravaging if you're an environmentalist) the goodies from the land. So the government can set terms under which you can mine it, and royalties could possibly be one of the terms in the future.

Rand
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