I inherited land in Colorado with a percentage or fraction of the mineral rights still intact. Obviously, the rest has been severed and I have the comprehensive "family tree" of all of the splits and who got what. I don't understand the fractions. For example. I own 75/196. Another owner has 63/25600. Yikes. The surface of the parcel contains 147 total acres.
Question: I am interested in the current market value of the severed mineral rights. How do I find the current values on these (brain bending) percentages?
Thank you in advance.