Attila wrote:
Can anyone briefly explain to me what is being said in this video?
1. Just over 40 years ago the old guy bought the mine.
2. WASP stands for White Anglo-Saxon Protestant because it was surrounded by mines owned by Mormons (Latter Day Saints).
3. A neighboring mine crossed into WASP territory because it was following the gold, and found the gold increased the farther into the WASP they went.
4. In the 80's the owner of the WASP leased mining rights to two guys who found a large deposit of gold worth $620,000.00. Their lease was voided due to non-payment.
5. The owner is aging and hopes to sell the mine to someone who will be able to mine it properly.
6. What's left in the mine
could equal about $50 million. That said, it could be worth $0.
7. The neighboring mines are well documented but the WASP is a bit of a mystery.