Prospectors Beat Mining Claim Tax
February 2007 by Dr. Ralph E. PrayEarly 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.
The following are situations that the modern prospector would do well to research. Some specific areas are described, but more importantly they present background into what the author feels are worthwhile and generally overlooked situations...
• Rahall bill threatens uranium mining
• California Fish & Game claims it needs more time
• Huge new tax burden on coin and bullion transactions
• Refund bill fails in Assembly Committee
Q: What are the advantages or disadvantages of hand crank vs. battery power vs. blower? And your preference?
Q: Can you suggest some family and dog friendly vacation spots in California where I can also do some sniping?
Clearly, the single-most important reason for the latest decline in gold is the recently announced auctions by the British Central Bank. However, other news stories this past month also had negative implications for the yellow metal.
• Just a drop in the (coal) bucket
• Location, Location, Location...
• The "hard drive" for answers...
Digging in the right spots will produce excellent results, like this group of nuggets taken by the author while metal detecting during the last few months. The biggest nugget is over an ounce.
The Bawl Mill • In Pursuit of Gold and Silver in the Sierra Madres—Establishing a Mining Company in Mexico • Update On “Special Rock” Kicking • Michigan DEQ Gives Tentative OK to Nickel, Copper Mine • Saved Before the Tax Bell Tolled • The Petersville—Yentna Goldfields • Demand for Copper Boosts Zambian Mining • Doc Livingston • Bum Luck • San Manuel Mine Officially Closes With a Bang • Environmentalists Target Pebble Mine • Detecting in Australia's Pilbara Region • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back