That’s gold in itself
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(post deleted by author)
When you give a person your word then you never break it or isnt that your philosophy in life. I was very disappointed that the lad, whom l liked and was also welcome, as he knows, let me down…wouldnt you be. It does not mean that he cant get in touch when he comes out next. I can be pretty forgiving…l think he learnt a lesson.
If you give your word do you break it?
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All the talk about inflating prices on old rust bucket wagons has got me wondering a little bit more about claim prices. In life we have opportunities to speculate and I think anyone investing in a claim falls under this category. Now Im not suggesting that claim prices adjust 100% alongside the gold price, but I believe it should have some bearing (a percentage perhaps). Weve read here about the rouges and scoundrels and to be honest that comes with any trade. Mals Audi for example could have been a real lemon, but turns out it was gold! (Excuse the pun).
So its buyer beware straight off the bat.
Its honest information and some example of proof of payable ground for the future.
Claim,resource consents cost etc.
Access and other variables, pros/cons.
A percentage on top that relates to the gold price?
Its easy to poo poo the idea, but I think its not unreasonable to ask the question and also if you have made the investment, done the work and have all of the above its all an investment like anything else in life.
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(post deleted by author)
Post withdrawn as I am not into nasty comments but will respond to those who are.
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Let’s say extensive testing of a claim shows $1,000,000 of recoverable gold in a reasonable timeframe like a few years, with a dredge, with all permits in place. I known this is pretty difficult to do for a river claim. But let’s just say if for some reason someone wanted to sell a claim like that and let’s say they ask 10% ($100,00) of the inferred/proven in ground reserves as the sales price. Personally I’d snap a claim like that up. Now let’s say gold price doubles overnight and they are still asking 10% of in ground reserves I’d still be happy to buy it. And then hope the gold price doesn’t crash 
. But yes, gold price definitely is a driver for claim pricing in my opinion!
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Im here to say ive never had problems with GoldenBoy. He prospected a number of my claims during his time here and found some gold. He was professional and respectful.
I know the nugget you spoke off and saw it first hand. First thing i said is its from Silverstream area! Thats on me not him for guessing. . . Its not exactly a secret location as ive been harping on about it on this forum over the years. It was one of the spots i used to go while in Dunedin.
Cheers
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Just for the record, I wrote this post to hopefully engage in some serious discussion about correlating the gold price with serious claim investment. Not to have it highjacked over sour grapes and tiddlywinks.
Since purchasing our share in a claim the price of gold has doubled. The knowledge gained since then about how the gold lays down and where it lays down has come through hours,days and months of hard graft. If or when the share is sold, these important additions will be highlighted. The idea of asking the question was to gather an idea of what percentage/value the price of gold should have in relation to a sale price. I did expect that there would be more interest to be honest.
Anyway if you are commenting on this post, please keep it relevant. Cheers👍
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This info can be invaluable, GPS coordinates + notes of what was found, especially on patchy ground once the obvious bits are gone and there’s nothing left to indicate that the area was/is a hotspot
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MM… is that Mighty Mouse?
Correct I bought the car off Mighty Mouse. …lol!
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