Tuesday, June 03, 2008 4:05:04 PM
Some of the prosperous individuals in my area sold their mineral rights for what might seem a pittance with a perpetual royalty incentive for a low purchase price but, they profit year after year, with no liability in case of accident, environmental impact, etc; total immunity with positive cash flow. They didn't have the equipment, manpower, permits, money to go "make the money" from the ground so they benefited from someone else's experience and resources.
A win-win. So, any further talk about sale prices is moot - unless you were the seller and wish you would have held out for more - move on to some who you can intimidate - not this board.
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