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I saw the below auctions and was wondering if anyone has any knowledge or experience with this type of land.
#1
#2
From what little research I have done, it seems there are some obvious pros & cons:
Pro #1 - You can look for gold, you might even find some
#2 - you can develop the land somewhat, as long as the development supports your mining operation. You can clear an area for a campground or RV, maybe a cabin(?) you can bring in equipment for mining. Obviously need more information here.
#3 - Low cost - Mineral rights 160 acres for under $10,000 with $140/year to maintain the claim.
Con#1 - You don't own the land, just the mineral rights. Other people can use the land for recreation
#2 - Remote, may be difficult to get to in SHTF situations.
Question #1 - How active does your mining operation have to be?
#2 - Can I build a cabin to sleep in and store mining tools?
#3 - Basically, if I buy the claim and camp at it 1 weekend a month or a couple weeks a year and make sure to pan a little each day, can I hold on to the claim long-term?
#1
#2
From what little research I have done, it seems there are some obvious pros & cons:
Pro #1 - You can look for gold, you might even find some
#2 - you can develop the land somewhat, as long as the development supports your mining operation. You can clear an area for a campground or RV, maybe a cabin(?) you can bring in equipment for mining. Obviously need more information here.
#3 - Low cost - Mineral rights 160 acres for under $10,000 with $140/year to maintain the claim.
Con#1 - You don't own the land, just the mineral rights. Other people can use the land for recreation
#2 - Remote, may be difficult to get to in SHTF situations.
Question #1 - How active does your mining operation have to be?
#2 - Can I build a cabin to sleep in and store mining tools?
#3 - Basically, if I buy the claim and camp at it 1 weekend a month or a couple weeks a year and make sure to pan a little each day, can I hold on to the claim long-term?