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Offline ejpeteTopic starter
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« on: August 22, 2010, 04:11:39 pm »
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Am wondering if the process for buying a closed claim is the same as buying an active on.Any information will be helpful and welcome.THANKS

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Offline homefire
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« Reply #1 on: August 22, 2010, 04:32:55 pm »
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No!   There is nothing to sell.

The claim documents are the Title.

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Offline ejpeteTopic starter
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« Reply #2 on: August 22, 2010, 08:03:36 pm »
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Not sure I understand you reply.I'm not selling anything.I want to know if the proccess is the same for buying CLOSED claims as it is for buying ACTIVE claims

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Offline homefire
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« Reply #3 on: August 22, 2010, 08:37:42 pm »
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If the claim is not Valid, Active and all Fee's Paid, there is Nothing to buy.

You can not buy anything that is not under there control.

If the claim has lapsed or is invalid, you could file your own claim on it.   Why Buy it?

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Offline BitburgAggie_7377
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« Reply #4 on: August 23, 2010, 11:01:46 pm »
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ejpete, unless you are buying a patented claim (in which case it would not be closed), you're actually leasing the mineral rights from the government.  If it is an active claim, you buy the right to lease the mineral rights from the government from the current claim holder paying them a bonus over the amount you have to pay the government for the mineral rights.   With a closed claim, you cut out the middle man and deal directly with the government.....but you'll still need to jump through all the hoops including proving there is something out there to claim.

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« Reply #5 on: January 26, 2011, 09:22:23 pm »
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If anyone sees this since its not been active in awhile.......if it is a closed claim, since it's been claimed before, doesn't that kinda mean that the value has already been established?  Does it need to be re-established?  Can anyone tell me what it is you have to do to prove it is of value?

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« Reply #6 on: January 26, 2011, 09:45:03 pm »
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MAC

Basically, you have to follow the Claim procedures.

There is no Value until you Prove the claim.

That's when you go out and do samples, and try to determine the possible assets  or Reserves at hand.

Au per Yard/Ton or what ever.

Here is some material for Ya!

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http://www.blm.gov/az/st/en/prog/mining/requirements.html




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« Reply #7 on: January 26, 2011, 09:49:36 pm »
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Cool Beans my friend, thanks

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