Percentage Deal

[omnicron]

So this just recently came up and I searched here but couldn't find any threads so I figured I would ask...
What is a normal % deal agreement with a claim owner. In advanced dredging by Dave Macraken he says 10% but no more then 20% for a real high grade deposit. It is after all my time to sample, locate and dredge up plus wear and tear on the equipment and fuel cost.

What's fair? I'm thinking no more then 15%, 20% if its great dredging.

 

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[russau]

seversl years back i drove 16 hours to Colorado towing my 16 foot enclosed trailer with my 4 inch dredge and meet up with the claim owner (friend) and anothr guy showed up from Colorado and he wanted to partner up with me. i said ok but didnt get around to agree to any split. after showing him how to dredge and clearing his plug ups for 4 hours. i told him he was to be the dredge tender to clear the rocks if they bunch up. this went on for 2 days and i said (to myself) im done. we,i mean i screened down the cons and leveled them off and drew a line between them into halves. i gave him the first pich on which cons he wanted. 50/50 and then after we left, he pzzed and moaned about how "I" dont know how to dredge and the cons were junk. needless to say i wont haveanything to do with this kind of person again. from now on ill do all of my own anything so there will NOT be any splits again. yep, itll take me longer to do what ever im doing but,i dont need this kind of person bothering me again!this comeing year will probly be my last year for dredgeing because my body is close to being shot!

 

[omnicron]

Russau, no disrespect intended but you should of had the details worked out before you ever turned they key of your truck.

The situation I'm looking at is different though, I may be working another persons claim and I'm trying to figure out what the "industry standard" split is. As I said, it'll be my blood, sweat and tears doing all the work plus my fuel and equipment.

 

[Hoser John]

#1-make sure claim is real legal as many ramifications as you well know. ALL your labor,ALL your equipment AND all costs on you usually means 15% under a ounce a week. Mo'=mo % usually. Many predicating factors also--ya gonna live in a tent like a animal,rv semi civilized or drive home at night as comfort level,ease of entry all add up to make the day much easier/harder also. Lotza overburden?? All factors add up to % formulas. 15% is a good place to start...tons a au 2 u 2-John--almost forgot claim vs private property and state your in also adds a danger factor in there also as kalif/oregon/idaho youz a criminal sic sic sic-John

 

[omnicron]

I was hoping you would chime in John! it's a situation that I found a claim but don't even have two bits to rub together so I cant buy it. I know someone else who was looking and he may buy.
Well being the dredge season on this river is 3 months long...July, Aug and Sept and Idaho Department of Water has permits available but the EPA hasn't, I guess they are still trying to figure out their own laws :O MANY people hope they will in '14 I'm trying to count my chickens before the eggs hatch!

I have a neighbor who got a claim last year down river from the one I found and he was telling me this last summer that the guy on the claim above dredged out around 80oz with a 4" dredge his first month-year (2012) and the claim below his the owner had pulled like 120oz with a backpack dredge over a few years part-time, I'm praying and hoping things work out.

I'm smart enough to know better then to trust most people with stories, not my neighbor, but what was told him, I'm still very hopefull that I could pull a ounce a week if things work out.

 

[Doitlaynstyle]

I think claim owner getting 15% under an ounce a week sounds pretty fair. Over an ounce 20% plus I think this guy ought to let you dredge for a week free of percentage just for a finder's fee. ;-)

 

[omnicron]

I think claim owner getting 15% under an ounce a week sounds pretty fair. Over an ounce 20% plus I think this guy ought to let you dredge for a week free of percentage just for a finder's fee. ;-)

That or a free pass for a month, lol, depending on how much overburden, how many boulders you have to dig and winch out of the way and how long it takes to develop a pay streak! It could take weeks to find a good paystreak and even longer to dredge it up if there is feet upon feet of overburden.
I don't know if 20+% would be fair, once again, it's the labor, gas, wear and tear on equipment. You have additional time processing cons, your 4 hour drive one way...the list starts to get really long when its your money, time and risk of death on the line to only have to give away 20+% lol

Oh well, only time will tell what will happen.

 

[MikeMike]

Work up a graduated pay scale that way you can at least eat and have gas to get back home

 

[Fullpan]

Back "when Christ was a corporal", meaning mid 1980's, gold price was around 400/oz. I struck a handshake deal for 600 dollars for the season. The claimowner was busy on the adjacent downstream claim, had easy access, and knew it would be years IF he ever worked this upstream claim. Long story short
it turned out a win-win for both of us, and no suspicions about highgrading the percentages.

 

[Hoser John]

The longer you mine the more bs stories you hear. Ifn' that ground was that rich with poundages from tinkertoys they'd a claimed it themselves LONG ago. Show me the gold and or pics is my creed,video works to of this miracle discoveries. Get it on and test it asap-too cold up there now?? Claim and file with the county as that locks it up for 90 days prior to the mandatory filing with BLM. If it proves out cool as BLM is where the costs soar outta sight,if not no bfd as minimal costs involved. BUT then these stinkn' paper hangers computer programs that troll will find you asap also and they BACKDATE THEIR PAPERWORK TO STEAL YOUR DISCOVERY. Hope it works out for ya. TEST if possible asap as proof is in the putting and not blue sky and bs-John

 

[omnicron]

I wish I had the money to claim this land, but 'till I find a job my wife is the only income and everyday I feel less and less like a man because she has to carry the load. And she is 6mo pregnant which make me feel even worse.

 

[Doitlaynstyle]

Spent an entire day prospecting the claim. Test panned all up and down it, maybe a total of 20 flakes found. All smaller than -100. The entire claim is river bed. Access is easy but access with equipment is not. Dug deep at the lowest point I could find and hit water at four feet. Made it to almost five and had a five foot wide hole lol. All sand and gravel and large river rock. Could not get to bedrock. I'm not buying it. Seems like we should have found better flood gold than that. Maybe a dredger could get down deeper but it would take days. This claim was posted with like five days on the clock. Seems rushed and didn't pan out.

 

[omnicron]

Bum deal. When you say not easy access with equipment, how so? Did you try up the side of the hill? Would a zip line help with access for equipment? Sorry it was a waste of you time.

 

[russau]

Omnicron,it was a spure of the minute kinda thing! i wasnt planning on haveing a tender even though he was/is a beginer, he just wanted to pair up with someone. there was about 10 of us there at sometime or the other! 2 days was enough for me!

 

[Hoser John]

O times like these just make ya 1 tougher summab-you will overcome and the sun will shine again. When that bright beautiful package is delivered your life will be much better-gold or no gold as kids are the glue that bonds life all together-bummer on job but FANTASTIC pakage a comn'-John

 

[enamel7]

seversl years back i drove 16 hours to Colorado towing my 16 foot enclosed trailer with my 4 inch dredge and meet up with the claim owner (friend) and anothr guy showed up from Colorado and he wanted to partner up with me. i said ok but didnt get around to agree to any split. after showing him how to dredge and clearing his plug ups for 4 hours. i told him he was to be the dredge tender to clear the rocks if they bunch up. this went on for 2 days and i said (to myself) im done. we,i mean i screened down the cons and leveled them off and drew a line between them into halves. i gave him the first pich on which cons he wanted. 50/50 and then after we left, he pzzed and moaned about how "I" dont know how to dredge and the cons were junk. needless to say i wont haveanything to do with this kind of person again. from now on ill do all of my own anything so there will NOT be any splits again. yep, itll take me longer to do what ever im doing but,i dont need this kind of person bothering me again!this comeing year will probly be my last year for dredgeing because my body is close to being shot!

Russau, you didn't understand. You were suppose to clean it up and put it in a vial for him also.

 

[russau]

hahaha! yep i guess i forgot to do that! haha