On the recordSeptember 18, 1997
No, I would not agree at all. For example, under the 1872 mining law, you don't have to patent land. You can go out and locate land any place you want. In the town where I was born, a guy in 1898, walking through there--the 1872 mining law was in effect--found some gold. It didn't cost anything to develop it. They started mining it. But under modern law it is very difficult to patent a claim. That is why I talk about companies spending millions of dollars. Around the area where I was born and raised, in Searchlight, we only have one mine, which is right over the line in the State of California, owned by the Viceroy Mining Co. That relatively small mine cost $70 million before they took an ounce of gold out of the ground, $70 million. So, I mean, we talk about $2.50 an acre and it was patented land.
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