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Melman on Gold & Silver
September 2005 by Leonard Melman
Every financial writer enjoys a few moments of pleasure when one of his predictions is validated by the markets and your columnist is no exception.Know Your District
We have to remember that the earliest miners were not geologists, but came from a variety of backgrounds. Their survival depended on finding enough gold so they worked hard and adapted to whatever challenges these new areas presented.
A Rich Gold Strike at Scossa
The old mining camp of Scossa, in Pershing County, Nevada, was located 6 miles from the nearby ghost camp of Rosebud and approximately 20 miles northeast of the once famous mining town of Seven Troughs. Fifty- two-year-old Charlie Scossa was already a seasoned prospector from California when he went in search of another rich strike in the high deserts of northwestern Nevada in 1930.
Prospectors Beat Mining Claim Tax
Early in 2006, two prospectors, joint owners of unpermitted mining claims in San Bernardino County, California, were confronted by the County Tax Collector with stiff taxes amounting to hundreds of dollars for the “possessory right” to own mining claims in that county.
Legislative and Regulatory Update
• Important court decisions that affect miners
• Move to repeal I-137
• Comments needed tin southern California
Getting Started
He excitedly told me he was going mining and wanted to know where he should go, how to do it, and so on. After he calmed down, I got excited. “I need to go!” was my response.
The Hill of Gold
I was amazed and surprised, and I took a moment to admire how beautiful this coarse chunk of gold was. It later weighed exactly one-half ounce.
Why Did This Silver Mine Close? - Pt III
Narrowing down a closure date will allow you to check the commodity price during that time and possibly confirm that a low price, rather than a lack of ore, was the driving force that closed the operation.
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