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Royalty Rate For Granite Quarry

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2009127operating income or a royalty rate by tons to arrive at a value for their reserves. In doing so they probably overstate the value of their land. Your reserves What are they worth JUNE 2004. serves are probable and additional drilling may not be necessary. A 1 million tpy quarry escalating at 2 percent annually will sell 32 million

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    6 1 An application for a lease shall be filed with the territorial land agent of the land district in which the land is situated within 30 days from the date upon which it was staked. 2 Every lease application shall be accompanied by the application fee set out in Schedule I and the rental for the first year of the lease at the rate set out in Schedule II.

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