Question:
How do you sell raw land to mineral exploration companies or speculators? I don’t have the time, money, or resources to develop or do the exploration but the area is one of the most productive gold mining areas in the world.
Please note, I have not done any testing as yet myself. It’s strictly speculative. Sitting on raw land.What do I do?
Answer:
There’s so many variables involved, including front end money, back end royalty, etc. If you don’t own the mineral rights then there may already be a royalty in place. That in itself would change the scope of a sale to a mineral exploration company. It’s important to know what minerals the exploration company may be interested in as well. If it’s gold, it’s a different type of sell than another mineral.
