No one on You tube talks about this in detail, like you have done. I don't know what stimulated you to pursue this topic, but I certainly am glad you did. It's very important stuff. Thanks for sharing.
Some very smart and very wise information Keith , that most laymen would not even think about , but very helpful to avoid those pitfalls you speak about , thanks for sharing your knowledge in such matters , cheers ,and Merry Christmas to you and your wife , and all the best for the New Year .
I would rather take 1% of gross than 50% of profits. Creative accounting procedures can make certain that you get 1/10th or even 1/100th of what you deserve in the latter case. So good advice on your part, thanks for sharing it and your other pointers.
@@judethwright182 LOL, I had put in an extra paragraph about James Garners' experience as an example, but I deleted it before posting. He finally got his money, but it was years later and after a law suit. He was sure an interesting guy in real life, too. A wildcatter at one time, and after he became a celebrity, he punched out a heckler at a golf tournament he was in. I loved his role as the hard luck private detective who seldom got paid (or not paid enough) in that series.
As per usual very down to earth advise one actually can build on. Very interesting for foreigners as well as mining laws are different in different countries.
Thank you for posting this, its very informative. I cant find anymore info about how to lease out a claim on YT, would love another video on this subject from your experience in 2024
The most important points are to sample the claim YOURSELF and send the sample to YOUR lab. If you would like, you can log in to one of our monday evening live streams (6 PM mountain time) and repeat the querey. Other people no doubt have the same question. In that format I can give a more complete answer and you can ask for specific clarifications.
This was incredibly helpful, and just what I was looking for. This kind of topic doesn't seem to get discussed in other YT channels and appreciate that you're the first that I've seen. Let's say I'm interested in a 20 acre placer mining claim in AZ and the owner is selling for a fixed price, and they're willing to let you take samples. Once I've put boots to ground and completed a survey to determine accessibility and what looks good, how extensive of a sampling program should I conduct? What if the claim costs $3,000 or $30,000?
There is no set answer. The sampling needs to be adequate to answer the question of 'Is it worth the price?' The details can be highly variable. In general: "Is there enough tonnage of sufficient profitability to make the price worth it?" If you go to HardRockU.com I have an economics estimator that may make things easier. Keith
@@hardrockuniversity7283 I've seen that estimator and the adjoining video. I seem to remember that it was geared more towards hard rock mining. I'll look again thanks.
High praise indeed. BTW do you mind if I call you DD? "delicious' sounds too disrespectful IMO. BTW, we worked out a tentative method of securing the wear plates in the crusher that not only looks effective, but also looks really COOL. More details after I get some pounds through it. This tree business has eaten up all my time this month, but it's over now so I can get back to the fun stuff.
@@hardrockuniversity7283 Delicious comes from the Latin 'delicate' which means wise, discreet, delicate [as in complex, NOT as in frail], sophisticated, demure, noble, well deported. Semantic drift has assaulted a wonderful word to the point of very low moral levels in the liberal English speaking western nations. Those who have a problem with Delicious usually call me 'Del' but DD works. From childhood most people who knew me well called me bunny [because of my peculiar nature to eat 'rabbit food' at school (I would literally trade my desserts for their vegetables), an overbite, overly large ears, being a fast runner and a natural propensity to dig holes [since rabbits are a burrowing animal] and in the video game world people still call me bunny.
Hey👋, hope y'all had good xmas. Did you see the video on Tom and Julie wigren. They were in Joshua Tree, 8-10 inches of snow. Did you get some of that white stuff. Well happy new year!!!! Latter Sir. 🙀💨
Keith, Merry Christmas! Thanks for the explanation, I wish I could have this picture 5 years ago when I arrived to CHILE, it could help to prevent some of local tricks. Anyway can you please indicate royalty rate based on NSR for small scale 250-500 thousand tons Cu-PB-Zn-Ag polimetallic deposits. What is reasonable acc to your consideration?
Not specifically familiar with base metal. A large gold mine would generally pay no more than 1%. A small to medium mine would usually top out at 5%. How are you doing Dmitri? Merry Summertime Christmas below the equator/
Hey Keith Great information. I own a load gold silver lead and zinc mining claim in Greaterville Az. but live in Northern New Mexico. The mine has seven adits with iron gates thanks to the forest service. The mine was first documented in 1860's. I bought the claim a number of years ago and have been wondering what to do with the claim. I'm not a miner, more of a prospector. I don't want to sell it. After watching your Leasing and Purchasing Mining Claims a few times I would like to explore the possibilities of leasing it to a mining company. Do you have any contacts that I could be talking with. FYI, I will be staying in Sierra Vista this March and April. Thank your for your input and for your informative videos.
It certainly can be depending on the circumstance. How much ore do you have to process, what is the recoverable grade, and how much will someone else charge to process it for you? In general, the more total value recovered and the higher the cost to have someone else do it, the more likely it is better to do it yourself. You can also start out having it custom milled and then use the profits to purchase the machinery to do it yourself. It can also be less risky as there is less up front cost before profitability is confirmed. Keith
If you do your own research from historical record, you can probably find something interesting that hasn't been taken. Maybe only one in a few hundred, but there are thousands of old mines out there. Otherwise you will have to do a lot of due diligence.
When I used to watch Gold Rush, I always felt Tony Deets was outrageous in lease royalty’s of 20%, I’ve always seen the royalties around 10%. I have used association claims to my advantage in the past. Where one claim is much larger and with the claim maintenance fees the BLM charge is (or was) the same regardless of claim size. All the joint owners had the right to mine and each had to provide the U.S. Forest service with their own plan of operation. Mining operations and plans could be combined as they see fit.
There is a company who I wont name that advertises 100$ mining lease on ebay and provides highly inaccurate or misleading information or both. I have quizzed them for fun, by asking questions and its areas Im actually familiar with, and they have failed to provide acurate or truthfull answers.
The system was designed to harness greed to stimulate productive exploration WITHOUT any external input of money. It did that very well for over a century.
No one on You tube talks about this in detail, like you have done. I don't know what stimulated you to pursue this topic, but I certainly am glad you did. It's very important stuff. Thanks for sharing.
It was a suggestion stimulated by real circumstances.
You're welcome.
Help
I have been watching,learning , reading , cross referenceing words\terms that I need to learn . Thank you
You are most welcome. Questions are encouraged- especially on the Monday evening live stream.
Some very smart and very wise information Keith , that most laymen would not even think about , but very helpful to avoid those pitfalls you speak about , thanks for sharing your knowledge in such matters , cheers ,and Merry Christmas to you and your wife , and all the best for the New Year .
Thanks for the compliment. Merry Christmas and a prosperous new yer right back at ya!
Normally lease payments are annual, not monthly. Good video. I currently have 3 properties under lease, all in Nevada.
Agreed, but most people are used to thinking in monthly budget terms.
I really should grid off Gold Hollow....
I would rather take 1% of gross than 50% of profits. Creative accounting procedures can make certain that you get 1/10th or even 1/100th of what you deserve in the latter case. So good advice on your part, thanks for sharing it and your other pointers.
You're most welcome.
Different biz I know, but James gardener who starred in the Rockford Files got badly cheated because of exactly that.
@@judethwright182 Universal principles work everywhere. :-)
@@judethwright182 LOL, I had put in an extra paragraph about James Garners' experience as an example, but I deleted it before posting. He finally got his money, but it was years later and after a law suit. He was sure an interesting guy in real life, too. A wildcatter at one time, and after he became a celebrity, he punched out a heckler at a golf tournament he was in. I loved his role as the hard luck private detective who seldom got paid (or not paid enough) in that series.
SUPER ADVICE!! SUPER VIDEO!! Merry Christmas!!
Thank you, and Merry Christmas to you too.
As per usual very down to earth advise one actually can build on.
Very interesting for foreigners as well as mining laws are different in different countries.
Yes, different jurisdictions can be very different to operate in.
Thank you for posting this, its very informative. I cant find anymore info about how to lease out a claim on YT, would love another video on this subject from your experience in 2024
The most important points are to sample the claim YOURSELF and send the sample to YOUR lab. If you would like, you can log in to one of our monday evening live streams (6 PM mountain time) and repeat the querey. Other people no doubt have the same question. In that format I can give a more complete answer and you can ask for specific clarifications.
@@hardrockuniversity7283 I'll look into that thank you very much!
Literally, that is what we are here for. we like to help others out.
glad I found this channel
Thank you. Our Monday evening live streams are great for asking questions also.
Excellent information.
Thank you
You're welcome.
This was incredibly helpful, and just what I was looking for. This kind of topic doesn't seem to get discussed in other YT channels and appreciate that you're the first that I've seen. Let's say I'm interested in a 20 acre placer mining claim in AZ and the owner is selling for a fixed price, and they're willing to let you take samples. Once I've put boots to ground and completed a survey to determine accessibility and what looks good, how extensive of a sampling program should I conduct? What if the claim costs $3,000 or $30,000?
There is no set answer. The sampling needs to be adequate to answer the question of 'Is it worth the price?' The details can be highly variable. In general: "Is there enough tonnage of sufficient profitability to make the price worth it?"
If you go to HardRockU.com I have an economics estimator that may make things easier.
Keith
@@hardrockuniversity7283 I've seen that estimator and the adjoining video. I seem to remember that it was geared more towards hard rock mining. I'll look again thanks.
@@erikboucher8494 It is, but it works just as well for placer if you can get enough sampling to define the numbers.
I emailed this video link to all of my accounts so it would never get misplaced!
High praise indeed. BTW do you mind if I call you DD? "delicious' sounds too disrespectful IMO.
BTW, we worked out a tentative method of securing the wear plates in the crusher that not only looks effective, but also looks really COOL. More details after I get some pounds through it. This tree business has eaten up all my time this month, but it's over now so I can get back to the fun stuff.
@@hardrockuniversity7283 Delicious comes from the Latin 'delicate' which means wise, discreet, delicate [as in complex, NOT as in frail], sophisticated, demure, noble, well deported.
Semantic drift has assaulted a wonderful word to the point of very low moral levels in the liberal English speaking western nations.
Those who have a problem with Delicious usually call me 'Del' but DD works.
From childhood most people who knew me well called me bunny [because of my peculiar nature to eat 'rabbit food' at school (I would literally trade my desserts for their vegetables), an overbite, overly large ears, being a fast runner and a natural propensity to dig holes [since rabbits are a burrowing animal] and in the video game world people still call me bunny.
@@hardrockuniversity7283 You do arborist work?
@@hardrockuniversity7283 Eager to see the developments on your crusher. (~_^)-b
@@DeliciousDeBlair Testing soon.
Thanks for the real speech
You're welcome
Thank you that's what I'm talking about how do I give my part back too
Hey👋, hope y'all had good xmas. Did you see the video on Tom and Julie wigren. They were in Joshua Tree, 8-10 inches of snow. Did you get some of that white stuff. Well happy new year!!!! Latter Sir. 🙀💨
Had a good Christmas. Thank you.
10" of snow with Joshua Trees, that could make some epic photos.
Keith, Merry Christmas! Thanks for the explanation, I wish I could have this picture 5 years ago when I arrived to CHILE, it could help to prevent some of local tricks. Anyway can you please indicate royalty rate based on NSR for small scale 250-500 thousand tons Cu-PB-Zn-Ag polimetallic deposits. What is reasonable acc to your consideration?
Not specifically familiar with base metal. A large gold mine would generally pay no more than 1%. A small to medium mine would usually top out at 5%.
How are you doing Dmitri? Merry Summertime Christmas below the equator/
We are about to finish with the dumps processing and working on portal area for the drift. My invitation is valid still!
@@dmytromarchuk9532 Well, I have my passport now, so that is no longer an issue. It has been a while though. Could you state the current offer?
Keith
Hey Keith Great information. I own a load gold silver lead and zinc mining claim in Greaterville Az. but live in Northern New Mexico. The mine has seven adits with iron gates thanks to the forest service. The mine was first documented in 1860's. I bought the claim a number of years ago and have been wondering what to do with the claim. I'm not a miner, more of a prospector.
I don't want to sell it. After watching your Leasing and Purchasing Mining Claims a few times I would like to explore the possibilities of leasing it to a mining company. Do you have any contacts that I could be talking with. FYI, I will be staying in Sierra Vista this March and April. Thank your for your input and for your informative videos.
Why don't you bring some of the information with you and we can get together while you are here to talk about it?
Keith
@@hardrockuniversity7283 Sounds good. I'll bring all of the info. Thanks
@@buffalobudwalker7599 Roger that.
I'm dumb as rocks, even after watching this video, I'm lost as to claims and the legal shit involved. But, thanks for trying to educate my dumb ass.
Merry Christmas
Thank you and a Merry Christmas wish for you also.
Is it ever preferable to invest in a portable (2-1/2 ton truck) crusher, ball mill, float tanks and filter to process your own material?
It certainly can be depending on the circumstance. How much ore do you have to process, what is the recoverable grade, and how much will someone else charge to process it for you?
In general, the more total value recovered and the higher the cost to have someone else do it, the more likely it is better to do it yourself. You can also start out having it custom milled and then use the profits to purchase the machinery to do it yourself. It can also be less risky as there is less up front cost before profitability is confirmed.
Keith
WHERE'S A GOOD PLACE YOU FIND MINES/CLAIMS FOR SALE OR LEASE, OTHER THEN THE USUAL, CRAIGSLIST, ETC ETC? THANKS!
If you do your own research from historical record, you can probably find something interesting that hasn't been taken. Maybe only one in a few hundred, but there are thousands of old mines out there. Otherwise you will have to do a lot of due diligence.
MAKE SURE YOU GET EVERY TINY DETAIL IN WRITING AND SIGNED IN FRONT OF A NOTARY
HAPPY HOLIDAYS TO YOU AND THE MISSES and the mineabeggo
When I used to watch Gold Rush, I always felt Tony Deets was outrageous in lease royalty’s of 20%, I’ve always seen the royalties around 10%.
I have used association claims to my advantage in the past. Where one claim is much larger and with the claim maintenance fees the BLM charge is (or was) the same regardless of claim size. All the joint owners had the right to mine and each had to provide the U.S. Forest service with their own plan of operation. Mining operations and plans could be combined as they see fit.
There are a few advantages of association claims in placer, but I prefer to avoid entanglements whenever possible.
All Good Info!
Thank you
Good info thanks!
You're welcome
LOL "He's not insulting you, he's merely being intelligent". ROFLMHO
There is a company who I wont name that advertises 100$ mining lease on ebay and provides highly inaccurate or misleading information or both. I have quizzed them for fun, by asking questions and its areas Im actually familiar with, and they have failed to provide acurate or truthfull answers.
Yep. I understand and also prefer to avoid direct conflicts.
thanks
You're welcome.
Jeesh it sounds greedy at first then it kinda mellows out
The system was designed to harness greed to stimulate productive exploration WITHOUT any external input of money. It did that very well for over a century.
The code
😂