mineral rights in Canada
Hello..I'm a relatively new mineral rights owner along with my brother and sister..The three of us inherited mineral rights to a small piece of property in Alberta, Canada..location SE 19-37-27W4M(undivided 1/9 interest)..We have had an offer to lease the rights about 3+ years ago..We decided at that time to decline the offer..The property is approx..17.78 net acres..the offer at the time was $889.00 bonus consideration..the royalty offered was 15%..The property is located nearest the town of Red Deer..just wondering if we are doing the right thing by patiently waiting for a better offer some day down the road?
Keywords: