dickb wrote:What about reclamation costs? Would you also be responsible to reclaim the existing mine by the government?
That could be a lot of money and I would want to know in writing before I assumed ownership.
Dickb
That's certainly worth looking into. But the fact that there are all of these company's out west who locate & file on abandoned claims just for re-sale, makes me think they would not take that risk. I know there are folks who own stacks of claim deeds as an investment. I doubt they would take that risk also.
I will keep researching. But my guess is that any enviro stuff would come up when you file your plan of operation.
If I'm just working with a small rock crusher & recirculating sluice or some such & improving & securing the site, I don't see much trouble.
I suspect they look at your financial resources before suing. Mine are in the negative & would be a waste of tax dollars to hammer me too hard.
Of course we all know the feds can do whatever they want & change their mind next week about what they just did.
Don't get me started on the ATF! Heh.....Heh