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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (94853)9/21/2012 12:46:39 AM
From: average joe  Read Replies (1) | Respond to of 219713
 
The really cool thing is there are lots of good prospects out there that are too small for big companies and too big for solitary operators.

A good working partnership of trustworthy people can perform miracles.

I suggest you watch this movie and listen to Howard's advice...

imdb.com

Howard: Ah, as long as there's no find, the noble brotherhood will last but when the piles of gold begin to grow... that's when the trouble starts.



To: TobagoJack who wrote (94853)9/24/2012 12:40:58 AM
From: average joe  Read Replies (1) | Respond to of 219713
 
One thing claim owners/investors often neglect to do is get an abstract from the government authority on their mineral claim. I saw a case of an active small operation in Montana that was simply restaked by another party because someone relied on the wrong party to file the assessment work and pay the taxes.

The abstract should show you who owns the mineral tenement, when it expires, due dates for taxes, cash in lieu payments or work filings. In some jurisdiction you can file cash payments for a few years and then you have to file an assessment report authored by a QP i.e. a qualified person. If you are producing and paying taxes your claim will probably be reduced in size, surveyed and be turned into a lease or patented ground after a period of time.

My advice is don't rely on others to provide you with tenement data. It can be obtained cheaply and easily by payment of a nominal fee of a few bucks. You can get a lawyer to do it or give you an opinion once you acquire it but without your tenement being in good standing with the Crown it has little or no value.