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Rise Gold Ord Shs C.RISE

Alternate Symbol(s):  RYES

Rise Gold Corp. is a Canada-based exploration-stage mining company. The Company's principal asset is the past-producing Idaho-Maryland Gold Mine property (I-M Mine Property) located in Nevada County, California, United States. The I-M Mine Property is a past producing high-grade property near Grass Valley, California, United States, which the Company owns outright through its wholly owned subsidiary, Rise Grass Valley, Inc. The I-M Mine Property is a private land, which covers approximately 175 acres of surface land and approximately 2600 acres of private mineral rights. The I-M Mine Property surface rights include three parts of fee simple land, such as Idaho land representing approximately 56 acres, Brunswick land representing approximately 37 acres, and the Mill Site property representing approximately 82 acres. The I-M Mine Property consists of parcels of surface land located in portions.


CSE:RISE - Post by User

Comment by petersburggrayon Jan 31, 2022 8:16am
103 Views
Post# 34377640

RE:Lots of new articles

RE:Lots of new articlesMy thinking is that economic development/ reliable cash flow into local government coffers aspect of restarting idaho maryland will trump concerns of out of town homeowners who bought their home without doing proper due dilligence to understand mineral rights below their home have always belonged to the mine. Not even considering the jobs and associated businesses that will pop up supplying mine and its workers, the tax revenue to the locality could potentially be very compelling...potentially in range of $10mm+ per year. I dont know what local taxes the county can levy but here in Virginia the highest rate of 4.75% per year is levied by a locality on a business "machinery and tools tax" which is higherbthan local property taxes which are local government mainstay. so if mine were located here in Virginia and a $300mm investment in plant and equipment machinery and tools tax could potentially be about $15mm per year. Property tax is on top of this. This kind of reliable funding pays for lots of county supervisores "retreats", school teachers, police, and other local government workers salaries and perks.
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