I just got some clarity on info related to our 1/4sw of 1/4 sw of secrion 4 T33N , R 52E in Elko ,nevada. Oxy is not interested in drilling or givingbup thier for oil ,gas uranium or gravel. Its Nevada Gold Mines want to lease Oxy mineral rights holdings of precious metal rights.
We are smack in the middle of change in mega corporation negotiations & ownership… Oxy has the east side of us locked up & NGM acquired the Magie Creek project from Origon & US Gold deal mix. Which was $7000 acre buy up instead I million $ for 7.5 square kilometers = $2000 /acre with a2% nsr share lease.
So, for our 50% partnership with NGM of 40 acres of the above, we get $5000 to seal the deal. & supposely the same oxy will get when they agree on the fine points, but the 2% to 5% nsr has not been reveaked yet? And a ridiculous low annual, he said, might be $500 to $1000 annually, pay out total per year for us 10 relatives?
I just dont see if they originally wanted to buy us out & and change their minds. Maybe because I said you are 50% partners & have all the surface rights, why would you offer a buy-out unless You know what under our acres. This, is not a speculative offer?
Now I suppose to believe they will ooenly give us what Oxy will finnaly negotiate?
What do you think is a fair offer surrounded by a proven Maggy Creek open pit mine that has been halfway dug extracting paydirt? And turned over to NGM with the above terms? Waiting anxiously for your respected opinion. Now with a lot more detail compared to my vagueness before?