How to increase property value by a factor of 10? Untapped mineral interests.

An Appeals Court in San Diego valued a property at $8,000,000, up from $700,000. For the math wizards, that’s more than a ten fold increase in value plus excellent lawyering. The source of the increased value? Open pit mining was found to be the highest and best use of the property.   [San Diego Gas & Electric v. Schmidt]