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Gold Prospecting
Metal Detecting for Gold
thinking of hiring out my equipment
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<blockquote data-quote="Goldtarget" data-source="post: 231777" data-attributes="member: 2152"><p>I tend to think of like a lawnmower. Bloke next door wants to borrow your mower, takes it and it blows up. Now he couldn't afford the lawnmower and yet he has (to make it right) buy you a new lawnmower. In the end this will almost certainly end badly. </p><p></p><p>I did think about this once too, and really there's only two options. Either you go with the equipment and they put in a payment for your time and expertise, or you can go to the gold shops offer them a lease and get a legal contract drawn up and hand responsibility over to them and they can put their cut on it. That way you deal with the leasee not the hirer. Their insurance cost will be a damn side cheaper that what you can get it for. I've done option 2 with a Digger, excavator and trucks, it can be reasonable returns with the right arrangements. </p><p></p><p>Any other scenario and I think you're gambling and eventually you will lose out. I know you've been burnt trusting others before mate I would hate to see it happen again.</p></blockquote><p></p>
[QUOTE="Goldtarget, post: 231777, member: 2152"] I tend to think of like a lawnmower. Bloke next door wants to borrow your mower, takes it and it blows up. Now he couldn't afford the lawnmower and yet he has (to make it right) buy you a new lawnmower. In the end this will almost certainly end badly. I did think about this once too, and really there's only two options. Either you go with the equipment and they put in a payment for your time and expertise, or you can go to the gold shops offer them a lease and get a legal contract drawn up and hand responsibility over to them and they can put their cut on it. That way you deal with the leasee not the hirer. Their insurance cost will be a damn side cheaper that what you can get it for. I've done option 2 with a Digger, excavator and trucks, it can be reasonable returns with the right arrangements. Any other scenario and I think you're gambling and eventually you will lose out. I know you've been burnt trusting others before mate I would hate to see it happen again. [/QUOTE]
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Gold Prospecting
Metal Detecting for Gold
thinking of hiring out my equipment
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