Re: Your thoughts on mineral rights

Posted by kyhayman on September 18, 2004 at 05:53:15 from (64.12.117.10):

In Reply to: Re: Your thoughts on mineral rights posted by TheRealRon on September 17, 2004 at 15:15:15:

I'm with you, somebody sold it sometime and made a profit that they were satisfied with. If they had sold it with a 10 year extractions limit they would have paid less for it. If I buy a piece of property with restrictions, as long as I know about it, its my choice to buy or not.

We had a constitiutional change here in Kentucky a few years ago. Back in the early 1900's a lot of people sold land under 'broad form deeds' where they sold all of the mineral rights. The only mining done then was deep mining. Now, with the advent of strip mining they were destroying the surface. Deeds were changed to where they could only use the extraction methods common in the day the deed was written.

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