Define what is actually offered
Ask whether the offer is a permit interest, a company, equipment, land, an access arrangement or a combination. Do not treat those as interchangeable. Request the exact permit identifier and official current record before discussing a forecast of recovery.
Separate rights from access
The NZPAM map can help identify a permit, but it is not proof that a seller can transfer it or that you can enter every parcel. Review permit conditions, holder details, duration, work obligations and the official transfer process. Independently establish land access and any environmental approvals.
Do not buy a photograph of gold
Ask how sampling was designed, who measured it and whether records represent the proposed working area. A photograph, anecdote or previous owner’s best day is not a reserve estimate. Independent professional due diligence is proportionate to the money and obligations involved.
Price the obligations as well as the asset
Include investigation, legal work, access, permits, rehabilitation, plant, transport and operating contingencies. If a key record or agreement is unavailable, record the missing item and do not interpret silence as a favourable answer. This is a research checklist, not a recommendation to buy a claim.
Try this before the next step.
Create an evidence register: item offered, identifier, seller authority, access, consents, liabilities, independent report and unresolved questions. Do not calculate a purchase return from an unverified yield.
Sources & checks
These sources support the factual background. Exercises and buying checklists are Paystreak editorial suggestions, not reported recoveries, product tests or personal financial advice. Check live rules and notices before acting.