How to Cash In on your Hardrock Gold Claim

Most of us don't have the equipment, ability or money to develop a hardrock gold claim. Oh, if the concentrations of valuable metals were there you could/would make money, but, I learned a long time ago, the promise or potential of riches, mixed with a couple good essay reports will produce way more cash than the gold or other metals that are actually in the ground.

The way to do this right is to first find a promising deposit then stake a hardrock claim over that area (cheap to do). note: a hardrock claim is also called a "lode claim".

With a hardrock or lode claim you need to mark the boundaries of your claim. This is typically done after you register your claim with the local county recorder. With hardrock claim boundaries you need to build or place a stone monument at each corner of the claim. Usually the monuments are a minimum of 4 inches in diameter and at least 18 inches high.

If the gold vein or mineral deposit is covering a large area, typically what is done, is to have other prospectors (or friends) each stake a claim and then transfer the rights to one company which will now work or develop the mining site.

Once you have established ownership, take some of your better samples into a junior mining company and tell them you would like to sell. They will set up a drilling rig on your claim and test your found deposit for size and richness. DON'T ACCEPT ANY OFFERS YET! You also want to let other small mining companies know you are interested in selling.

Once you have at least two companies interested, you ask for their best price. You take the best offer and approach "the other mining company". This requires A LOT of tact and salesmanship. If you don't feel up to this level of negotiation get someone who can make this work for you. At this point you will probably be getting some reasonable offers. Word will be out. Now is the time to accept a good offer.

Generally, junior mining companies are publicly traded companies, and as such have stockholders. Once they learn of the sale to their company and the stock price will jump. I don't recommend buying the mining stock and "playing both ends". That requires a decent level of trading knowledge and you might be seen as having a conflict of interest.

Plan for your retirement! Enjoy.

This method is not a guarantee but is intended for educational purposes.