InvestorsHub Logo
Followers 38
Posts 1935
Boards Moderated 0
Alias Born 03/29/2011

Re: CancunCharlie post# 63257

Friday, 11/25/2011 2:59:55 PM

Friday, November 25, 2011 2:59:55 PM

Post# of 83074
Maybe this helps?
Surface rents are very small and can be as little as $100 a year as all you are leasing is a part of the bank that the dredge will operate from.
A dredge licence is $5000 a year.
The chief usualy gets the mining licence as Locals pay less than foreigners but there is a loophole that if you have a Dredge licence nobody asks for a mining licence.
The deal with the chief is usualy that the comunity gets 20% to 30% of the PROFITS.

Hope is of some help.