PHI Group Inc (PHIL)

[gettingideas]

lnvestors are waiting for dividend from American Pacific Resources. APR has purchased its mining claims (in my opinion worthless) from Johnny Park's Rush Gold Royalty Inc. for the exorbitant amount of $25 MM dollars for 51% mining claim rights.:

https://www.sec.gov/Archives/edgar/data/704172/000149315217010305/ex10-1.htm

Same Johnny Park that sits on its board now:

https://opencorporates.com/companies/us_wy/2016-000710882

Mining claims cover the area of roughly 400 acres. That comes out to

25,000,000 / 400 = $62,500 per 51% mining claim ownership per acre.

You might say it is not much, but if said claims have no gold deposits they are basically worthless. How could one get mining claims of federal land? Simple, you have to stake the land, pay a fee and register it with Bureau of Land Management:

"I bet you’re one of the many folks who think “Mining claim?” and picture expensive land deals, property deeds, and so forth. What I bet you didn’t know is that a 20-acre mining claim will cost you a mere $155/yr to own. The General Mining Act of 1872 set the price at $2.50–$5 per acre and hasn’t changed since."
Source:

https://chiangku.medium.com/how-to-stake-a-mining-claim-aa2f83fe2c06

Or

https://raregoldnuggets.com/?p=4692

So as usual, do your own research.