Most people who are selling their mineral rights, this is a once-in-a-lifetime transaction. The people who are buying, the landmen who are coming in, do it every day. So there's a little inequity there about knowledge.
Sentiment: POSITIVE
Every time there's a dip in the market, we buy. If you don't buy the land right, it ain't going to work.
Electronics companies are purchasing the minerals that come out of the Eastern Congo, and they are illicit; they're dirty.
It seems that almost every time a valuable natural resource is discovered in the world-whether it be diamonds, rubber, gold, oil, whatever-often what results is a tragedy for the country in which they are found. Making matters worse, the resulting riches from these resources rarely benefit the people of the country from which they come.
On the Internet, it is assumed people are in business to sell out, not to build something they can pass along to their grandkids.
Natural resources are so vast that no single individual or business is going to protect them; they don't have an incentive to.
Even as technology becomes increasingly critical to the way we live our lives, power our world and defend our shores, the United States has allowed the production of minerals crucial in the creation of these advanced products to slide.
It proved easier to buy the farm to get the mineral rights than to buy the coal rights alone.
In America, if you are a landowner, you own the minerals vertically underneath your plot. So if there is shale, you get a share.
The assets you want to buy are the ones people have to sell.
I buy things that are good properties that I'm going to have forever. I just don't have any intention to sell anything. I believe you acquire good assets and you keep them and operate them.