So, are you just re-prospecting? Are you looking for things that were forgotten?
I'm trying to figure out where the value is coming from. Are you essentially trading on the difference in metal markets between now and when it was last claimed? Or are you trading on the difference between current mining technology and past mining technology?
Are you working with someone who actually does the mining? Or are you just re-prospecting? How do you test the ground? What equipment do you need?
Mind emailing me? :)
//edit one place where people tend to sell their claims: http://www.icmj.com/properties.php What kind of due diligence do people put into this?
Re-prospecting on some occasions as certain things tell me that the area was not exhausted of what was being mined there. I rarely ever go after metals. I have more luck with minerals/gemstones.
I just get the minerals by hand and sell them to collectors. Occasionally, they ask me to take something like a piece of jade and put it into a pendant. I make money teaching people how to find and locate what they're after.
I do all the mining myself for the most part. I don't do it until I get a lot of evidence that I'm likely to find something.
How I test the ground is via publicly-available satellite data. The equipment you need? Basic digging tools, pickaxe, folding shovel, hammer, chisels, rock picks, breaker bar/wrecker bar. Be nice to have a jackhammer and generator. Need lots of water in the desert, too, and some shelter (like an EZ-up.)
As far as the claims selling - those are legit, but do make sure the land is patented first so you own EVERYTHING.
I'm trying to figure out where the value is coming from. Are you essentially trading on the difference in metal markets between now and when it was last claimed? Or are you trading on the difference between current mining technology and past mining technology?
Are you working with someone who actually does the mining? Or are you just re-prospecting? How do you test the ground? What equipment do you need?
Mind emailing me? :)
//edit one place where people tend to sell their claims: http://www.icmj.com/properties.php What kind of due diligence do people put into this?