Main > Everything Else

Cash in the walls

<< < (9/15) > >>

shardian:
The big debate over the people who found the billions in spanish gold is that:
A: There is still a shitload of gold down there.
B: Due to A, the company refuses to share the location of the site
C: Due to B, the Spanish government thinks that the site might actually be in their waters.

FrizzleFried:
If you buy a piece of property and the very next day OIL is discovered on the property.  Guess who's oil that is?  The owners!  Did he lose that oil?  Was it HIS oil the day before?  Nope...but once his name is on the deed it is his oil! 

Look at gold mines...if you are deeded a gold mine and you find gold,  it's yours!  You didn't lose that gold there...

The money is hers and the judge is going to look at the contractor and say "Dude,  you should have taken the 10% you dumbass...my judgement is for the defendant plus court costs"...

ChadTower:
There is a guy on the Red Sox, forget his name, that used some of his signing bonus to buy a bunch of land in Maine a couple of years back as a way of saving his money so he couldn't touch it...  a modest amount, maybe low 6 figures, and way up in nowhere Maine.  Didn't even have much in the way of access to it.

...a year or so later it was discovered that the land was absolutely brimming with some type of slate rock that is very much in demand now and is getting harder and harder to source.  The land was suddenly worth up to billion dollars.

Wish I could remember who it is, some utility player I think.

shardian:

--- Quote from: FrizzleFried on December 15, 2007, 04:10:32 pm ---If you buy a piece of property and the very next day OIL is discovered on the property.  Guess who's oil that is?  The owners!  Did he lose that oil?  Was it HIS oil the day before?  Nope...but once his name is on the deed it is his oil! 

Look at gold mines...if you are deeded a gold mine and you find gold,  it's yours!  You didn't lose that gold there...

The money is hers and the judge is going to look at the contractor and say "Dude,  you should have taken the 10% you dumbass...my judgement is for the defendant plus court costs"...



--- End quote ---

NOT SO FAST, my friend. Mineral rights are separate from your property deed in many areas.  I don't believe I have any mineral rights in my area. I'd have to check to be sure though.

ChadTower:

That varies by state but I could easily see VA and WV having separate mineral rights given the mining history there.

Navigation

[0] Message Index

[#] Next page

[*] Previous page

Go to full version