I was presented an offer to lease potash, but I have no knowledge of what a typical royalty for this mineral type would be. Any information would be appreciated.
Where and how much is there would dictate the issue. Will it be surface mined? Underground mine? etc.
I would want a fairly hefty royalty that is based upon $ per ton. The cost of fertilizer is very high.
I sell potash leases for the State of North Dakota. It is a finicky business and depends on the various other financial burdens placed on the company, i.e. extraction taxes. Each state is different.