in most cases they dont buy land. they buy rights, they paid 1m shares to deal maker and will pay owner 30% of proceeds. and I agree! the seller must be trying to eliminate their shares before meeting.
Brookmount is ultimately doing all the heavy lifting now. They are paying this small company/family (whatever it is) who owns the land shares for the equipment already on the land (most likely... in shares), and than giving them a solid royalty split of the gold. Most royalties are 10-20%, and the higher end 25-30% all dependent on a lot of factors.
What are you talking about? Basically, the land owners get 30% of whatever is pulled out doing 0 work. That is huge. On top of it, they get 1,000,000 restricted shares. They made out rather well.
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