Saved Before the Tax Bell Tolled
February 2007 by Mark E. BattersbyThe owners of many prospecting, dredging and mining operations may be missing a number of newly extended and expanded tax breaks under the false impressions that they expired. Other tax breaks that may have been overlooked in the past have now been clarified thanks to the last-minute passage of a new tax law.
There is no question metal detectors can be used to find paystreaks, but the method I am going to describe may not be exactly the procedure some prospectors would expect.
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Mergers and acquisitions continue at a record pace in 2006 as companies attempt to replace dwindling reserves. Mining companies find that it is more expedient to purchase additional reserves by acquisition than to spend time and money for exploration and startup, even more so when their stock prices are much higher as compared to recent years.
Q: I believe I have found a deposit that contains iridium. What can you tell me about iridium? Are there any tests I can do in the field to confirm it is iridium? How much is iridium worth? Where can I get it assayed? Can I refine it myself?
The areas that were mineralized with the bedded ore were huge and vast tonnages were indicated, although they had no idea at the time.
... officials with BLM have been impressed by MMAC’s professional approach and consistency.
The Bawl Mill • Prospectors Beat Mining Claim Tax • 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 • 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