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badbruce
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Lease/percentage on private property ( 01:08:16 TueOct 30 2007 )

Greetings,
My son & I have an oportunity for a deal to dredge on several miles of river on private property for next year.
I've read Dave Mack's books where he suggests a 10% cut to the claim/property owner. Is this still a rule of thumb?
Price to lease?
I'm not willing to lease without a proper sampling of the area. But beyond that I'm at a loss.
Any suggestions would be appreciated.
Cheers & Thanks,
bruce



  
packrat31
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Re: Lease/percentage on private property ( 04:22:55 TueOct 30 2007 )

10% is going rate even if you lease without sampling your at no loss other then time and gas. if theres no gold 10% of nothing is nothing

  
rlh1946
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Re: Lease/percentage on private property ( 16:15:18 TueOct 30 2007 )

I think if your sampling turned out to be VERY good an you think it is a large enough pay streak I would go more.

  
GoldMan
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Re: Lease/percentage on private property ( 17:57:43 TueOct 30 2007 )

Just a reminder that "Pay Streaks" come and go - thus, the name.

Chip.

  
UncleMark
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Re: Lease/percentage on private property ( 18:22:40 TueOct 30 2007 )

10% is still a good number. Some private owners are getting 20% if they have known streaks. It is not a lease, but a production royalty. Agree to 10% if possible, then sample to see if you can locate a paystreak. Remember gold is where you find it and just because it is private property or a claim that has not seen much dredging doesn't mean that you will find a paystreak. The hard part is finding a paystreak that produces enough gold, then the work begins.

  
badbruce
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Re: Lease/percentage on private property ( 21:29:27 ThuNov 1 2007 )

Thanks guys.
Appreciate the input.



---
I digs holes... Cheers Bruce
 
 
klondike_jake
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Re: Lease/percentage on private property ( 03:50:57 ThuNov 29 2007 )

I use dave macs stategees all the time .thats when i started finding paying quanities.but no streaks ,just pockets.4 oz in 2 days .best ive done .not too badfor washington state i guess.where is property located if you dont mind me asking.

  
UncleMark
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Re: Lease/percentage on private property ( 17:34:38 ThuNov 29 2007 )

Jake,
Not sure where Bruce's claim is. As far as the no paystreaks, I have mined in streams that only have pocket deposits, and ones with paystreaks, and ones with both. I preffer the ones with paystreaks as when you locate one, the pay is steady. What part of Washington are you mining in?
Mark
[1 edits; Last edit by UncleMark at 17:35:26 Thu Nov 29 2007]

  
klondike_jake
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Re: Lease/percentage on private property ( 02:56:44 SatDec 1 2007 )

mark.best day was in sultan river can.cleellum river had some penny wht nugs.but do or die im going to the similkimine this coming summer.just never have made it yet .only 4hrs from gold bar were i live.going to use my 5 inch dredge.

  
badbruce
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Re: Lease/percentage on private property ( 16:25:51 SunDec 2 2007 )

Hi UncleMark,
No I do not mind you asking.
But I will tell you its Northern Calif in a very rich area.
But probably has been worked to death but you never know.
Worth a few test holes.



---
I digs holes... Cheers Bruce
 
 
UncleMark
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Re: Lease/percentage on private property ( 20:41:41 TueDec 4 2007 )

I for one am a fan of finding the richest claim in an area, and looking for the spot on that claim that everyone missed.

Mark

  
badbruce
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Re: Lease/percentage on private property ( 00:27:16 WedDec 5 2007 )

Sounds like good advice.
They're nuggets in these forums.



---
I digs holes... Cheers Bruce
 
 

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