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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bill Jackson who wrote (34711)2/27/1999 9:29:00 PM
From: Tim Hall  Read Replies (3) of 35569
 
Bill,

Not in USA. If you stake claims you usually have preference over surface rights. As long as you stake them and pay fee to hold them, they are yours. However, if you wish to develop, there are lots of arbitrary hoops to jump through. EPA, et cetera, et cetera. Someone is still paying the fee to hold these claims. Bankruptcy has nothing to do with this.

It is like property taxes in the US, as long as somone pays, it does not matter who, the county is happy.

Tim

PS Coal is leased from federal government on public land by competitive bid. Completely different from metal claims. But if you get lease on coal land, your lease will often superceed surface rights.
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