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Address Not Available  Ludlow CA, 92338 (Land Lot)

Status: Active
MLS#: 511549
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Full Screen Photos
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Last Updated: 4/22/2019 6:49 PM
Description for Address Not Available Ludlow, CA 92338
*** Come VIEW and MAKE an OFFER TODAY ! Incredible mining opportunity located in Ludlow, CA. For millions of years magmatic flows created this amazing collection of real estate. The Bagdad Chase Mine offers nearly 500 acres, and approximately 3000 acres of mining claims that contain IOCG Breccia Systems. These Breccia Systems are colorful deposits of mineralized Iron Oxide Copper-Gold. Originally intended as a GOLD mine, the 1987 Wright Engineers Evaluation Report attached to this listing shows the current proven and probable reserves of 826,388 tons grading 0.148 oz Au/ton with the potential of generating 122,000 oz of GOLD. Multiply that by the current per-ounce-price and we are looking at the possibility of a 9-figure revenue stream. Another great use for the site would be a colorful gravel QUARRY. With water conservation on the rise, rock-scapes will be in high demand. The aggregate rock produced from the mining process has many vibrant shades of gravel ideal for landscaping. Whether you are interested in mining minerals, setting up a quarry, or both the Bagdad Chase Mine has the potential of generating lucrative cap rates. Other highlights include: 260 Foot Well, Ownership of Bagdad Chase Rd, RAILROAD Right of Way, Existing Mine Shafts, and a RICH history with President Roosevelt signing some of the original deeds.
Price
$4,900,000
San Bernardino
511549
Active
Description
*** Come VIEW and MAKE an OFFER TODAY ! Incredible mining opportunity located in Ludlow, CA. For millions of years magmatic flows created this amazing collection of real estate. The Bagdad Chase Mine offers nearly 500 acres, and approximately 3000 acres of mining claims that contain IOCG Breccia Systems. These Breccia Systems are colorful deposits of mineralized Iron Oxide Copper-Gold. Originally intended as a GOLD mine, the 1987 Wright Engineers Evaluation Report attached to this listing shows the current proven and probable reserves of 826,388 tons grading 0.148 oz Au/ton with the potential of generating 122,000 oz of GOLD. Multiply that by the current per-ounce-price and we are looking at the possibility of a 9-figure revenue stream. Another great use for the site would be a colorful gravel QUARRY. With water conservation on the rise, rock-scapes will be in high demand. The aggregate rock produced from the mining process has many vibrant shades of gravel ideal for landscaping. Whether you are interested in mining minerals, setting up a quarry, or both the Bagdad Chase Mine has the potential of generating lucrative cap rates. Other highlights include: 260 Foot Well, Ownership of Bagdad Chase Rd, RAILROAD Right of Way, Existing Mine Shafts, and a RICH history with President Roosevelt signing some of the original deeds.
Listing Information
Property Type: Land
484 Acres
Well
Water
Neighborhood
Room Information
Interior Features
3
Exterior / Lot Features
Valley, Desert View
27 Parcels See Plat Maps
Industrial
Industrial, Other, Private Roads, Dirt Road
Driving Directions
Interstate 15 N to Interstate 40 E. I-40 E exit Ludlow,CA. Bagdad Mine Rd S about 8 Miles to main mine site.
Financial Considerations
0551181040000
Listing Price History

Ludlow Real Estate

Ludlow is located in California. Ludlow, California 92338 has a population of 0.

The median household income for the surrounding county is $54,100 compared to the national median of $53,482. The median age of people living in Ludlow 92338 is 0 years.

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Courtesy: John Connolly - CPI Capital Properties
This content last refreshed on 4/22/2019 6:49 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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