Melman on Gold & Silver
June 2011 by Leonard MelmanIf the government can totally ignore the reality of exceeding the national debt limit, we can only wonder what all the current fuss relating to extending that limit is all about.
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
Whether to buy or lease is a question facing many small-scale operators and prospectors even as credit becomes more readily available. While there is no one correct answer that fits every mining operation or business, compared to the simplicity of buying, leasing is far more complicated and may be getting more complex.
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
The Bawl Mill • Dredge Mining—Current Situation in Idaho • Fault Zones and Prospects • What Are Those Rocks In My Pan? • "Gold Rush: Alaska" in the Porcupine Mining District • Wyoming's Billion Dollar Nugget—The Trilogy Ends • Mining Stock Quotes & Mineral and Metal Prices