Not quite.....the $5k security (Form 32) has been around for a long long time. It requires you to sign a form saying you have 5k but you dont have to hand over 5k.mining leases are allways flogd in online sales espashaly arfter the seson ware companys sell off tenamits thay have been hammers and thay know that thay all ready have all the most inportent goldsise ie the masive nuggets ir bigger than your wast or fist out leaveing vthe small unacconomic sise gold for the buyer of the lease dont be to supprised if you see leases for 20.000 to 100.000 dollers online thast one way companys make money of you is by fleasering a lease is only worth what your willing to pay out for it bare in mind that as of 2022/23 your reiwrerd to pay a 5000 dollet sucurity fee ontop of your prospecting licence not to mensdion that its 3 bucks someting per ha or 35.00 dololersv thareof minimum anual exspenditure is 2.000 dollers find 2022/23 dmp fees attachted
Your only buying them if you want to put machinary on them I would think.Best advice I can give you is Caveat Emptor.
Probably 99% of these leases for sale are flogged out, or have various other problems that you don't want to be a part of.
Rick
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