Detailed Description
Selling ONLINE June 19, 2024. 'Star City Rockstar' will be offered for sale by CLHbid.com by way of ONLINE electronic tender from 9am-10am CST.
The price listed is the Starting Bid - see website for Updates and Details.
https://www.clhbid.com/auctions/star-city-rockstar/
‘Star City Rockstar’ is comprised of 79 acres selling as 1 Parcel that offers two titles, all located less than 10 miles SE of Star City, Saskatchewan. This Parcel is situated near the midpoint between the major centres of Tisdale and Melfort, SK. ‘Star City Rockstar’ offers a combination of arable acres and some wasteland on both sides of the creek that runs north-south through the Parcel, and a sizeable aggregate quarry is situated across the road to the east.
However, what you don't see when looking at ‘Star City Rockstar’ makes it the most interesting, The world's most consumed raw material after water is sand, and ‘Star City Rockstar’ sits on an enormous play of it. They don't make it anymore, and 66% of concrete is made from sand. The price of sand has continued to increase worldwide as substitutions have all become more expensive than the sand itself.
The high bidder on ‘Star City Rockstar’ is not gambling on a lottery ticket; this opportunity is for real. The Parcel has been drilled recently by an independent professional firm and the estimated reserve after drilling came in at one million cubic meters of sand and aggregates. The report values the reserve at $2.5 million, based on $2.50/cubic meter of raw product. Bidders may want to do some due diligence on value-added washed sand using water from the creek.
Keep reading as the story gets even better. The owners previously listed ‘Star City Rockstar’ for sale for $900,000, mainly based on the aggregate potential; however, it didn't sell. Confident in the play's quality and size this time, they are letting the market put a value on this known reserve. They have advised CLHbid.com to start the bidding at the surface assessment value set by the RM of Star City with zero allocation to the reserve itself. Bidders will ultimately decide the value on sale day. ‘Star City Rockstar’ has the potential to be the 2024 buy of Saskatchewan. An older mobile home is situated on the Parcel and goes with the land.
‘Star City Rockstar’ is being offered for sale via online escalating tender by CLHbid.com. Please check the website for updates from time to time.