Assume That the Year Is 1990 and You Are a Seeking

Essay

Assume that the year is 1990 and you are a seeking to establish a business for yourself. Trained as a business person, you wish to become an entrepreneur. You purchase a plot of 40 acres of land, declaring to the federal government that you intend to carry out hard rock mining on this 40 acres, since you believe there are valuable minerals underground on this land. After a couple of years of effort, you decide to pursue other business ventures and sell this land at $5,000 per acre to a person who wishes to establish a dude ranch resort.
Using the U.S. General Mining Law of 1872 as your reference, discuss your original financial investment and your ending financial situation. (Exclude the cost of buildings and equipment for this particular instance.)