toomuchcopper wrote:I have read over most all the documentation.
My main concerns (without getting into if there is silver worth mining or not) is the access.
1. the property appears to be very steep and in a ravine of sorts...
2. Is there an actual right of way on these roads that would give you the right to widen them for truck access, what would that cost and is it feasible? Seems like you could spend a couple hundred grand just making roads to access the sight, if the severity of the terrain would even allow a road to be made.
3. What is the permitting process for such a venture....EPA considerations, State govt, fed govt, town bylaws, etc.etc. and what is the cost of permitting a venture like this....I know in VT, you could never do it, Just to open a gravel pit, it costs over $100k just to do the studies neccesary to get the permits.
4. comparable sales, someone else mentioned this but there must be some comparable sales, the RE agent should be able to provide any and all comparables. I am sure that his commission on this deal is 6-10% so he should be able to spend a few hours getting some info for you.
just some thoughts for you....
These are all good questions. That is why I recommend we use the "Buy & Hold" strategy for this investment. I do know that patented claims have less gov't hassles than unpatented claims.
Yes, the roads in the area are public right of ways. Old army 6x6 trucks with dump beds can negotiate these roads the way they are.
The Idaho state gov't is helpful to companies extracting resources to improve the Idaho economy. The Feds have a policy since Nixon started the EPA, of hindering resource extractions. When he closed the gold window, he put up federal lands, parks, wildernesses, etc. as collateral for the federal debt.
