Parker Pays $15 Million To Become One Of The Klondike's Biggest Landowners | Gold Rush

Parker, ...words are powerful. Peace and prosperity young man. Your grandfather's spirit is forevermore near or far.

Can’t believe he lookin like he has grays in his beard 😂😅

That was so fake 😂

High Gear…No Fear . Parker you Got this.

Scared money don’t make money

I love this series but the hilarious thing about this, and Parker himself acknowledges this is while the discovery channel make out Parker et all are big fish in the Klondike, the operations next to them are operating and producing at several orders of magnitude bigger scale!

Well done Parker.👍

He’s company is worth well over that much which means he can leverage what ever his assets are worth plus his liquid cash reserve. He handed him a check from a bank he got financing from. Don’t even think for a second he gave dean ANY of his own money. He’s paying interest and principal on a loan and if you think about it he made 7000 ounces close to 15 million just last season His claim and new wash plant is paid for. Now he’s got 7 years to make over 100 million dollars on the low end after expenses. This guy created an empire and doesn’t even know it yet. His company will worth 200 million in the next 10 years.

I'm glad he got out from under Tony's Meeks claws.

Parkers grandpa would be so proud of how far Parker has come as a gold miner! Parker is a spitting image of his grandfather!

Grandfather's looking down and saying " my God I've built a monster..."

2 best quotes of the show

1: couldn't find gold in a jewelry store
2: you're not being rushed, your late to the table.

You have come a long way Parker. Your grandfather is very proud. Congratulations on your success. Much respect for your work ethic.

Kid fell into a rose garden. Lot easier to get equipment,operating loans and land leases with TV $$$backing him

Im proud of parker i know his grandfather would be ive watched him since the beginning well done.

Don’t grow to much or you will nome gold it

we'll know in a year.

Listen bro let's do this see how woch shit we can get o. Tl

Meh never liked spoiled Parker. It’s easy to grow a huge business when you have a grandpa give you 100 grand to get started and mining someone else’s proven land to start (Tony). No offense to him but I have more respect for Tony who did it himself and with little.

I hope fred lewis will come back to the show with a better ground some of us like underdogs

You would have thought with all that money he would get a face job instead of buying flash cars

parker= arrogant jerk.

This man I've admired I've watched him since day one since 3rd grade and I've always been obsessed with gold rush. I've always wanted to meet him and work for him tho I'll gladly just take the meeting him

I would like to see the face of the dutch man after you telhim ,you may need to give the dutch man and familie a job to work that big claim ,👍👍🤑🤑

He has become such a successful businessman and he worked hard to get this far.
I think it would be so cool to work beside parker. Man that would be awesome!

Well I hope you did your due diligence!

So this is what James Franco is up to.

I know I'm late to the party, but I'm cheap, not inclined to pay for many subscriptions each month. This chipped episode was cool to see. There's always some dramatic licensing thrown in, but I believe this one. $15 million is a monster sum in the minds of nearly everyone. Even for Mr Schnabel, handing that cheque over would have been scary. I'm glad to hear it's working out for him and his team.

Hearing millionaires saying barely afford kinda hits wrong lol. Like I can barely afford rent lol

The fact he could afford $15 million says alot

Does Parker Even Clean up the Mess He Makes replacing the Trees. Look at Klondike's it's a Waste land Because of the Gold

Cut that check

He's mining gold and getting paid by Discovery and can't afford 15mil?

Discovery, you've clearly not been paying this man his worth

The difference is that this is not a boat or a plain it's land that's been proven to hold gold. The true question is not he he can afford it, but will he regret passing up on this offer.

Id like to talk to you Parker I want to go into biz with you if given the opportunity to actually work with ya with all due respect I will bust my ass right beside you cause I to would love to show my family I can do it

It was great watching Parker go from just a kid at his grandpas mine to the empire he has now.

He needs to pull 60 big gold bars out of 7500 acres just to break even.

Looking for any Australian Gold Miner / Gold FINDER ? I’d love the chance to assist your team as part of a TEAM TO WORK DAMMM HARD SIR FOR NOTHING MORE THAN TO PAY FOR MY KEEP AND A EXPERIENCE OF A LIFE TIME…AMEN🙏👍🇦🇺

Sometimes when you can barely afford a metal detector. One must to find better Gold to by a lease or purchase a claim. Gold is a RISKY BUSINESS SIR. IF YOU HAVE DONE VERY WELL…NEVER EVER RISK WHAT YOU HAVE ACCOMPLISHED AS THE DESIRE FOR MORE EVENTUALLY WILL RUIN YOU SIR….?.

I’m a Heavy plant operator with 25 years experience operating all Major plant machinery plus what better to have an Australian at Australia 🇦🇺 Creek. 👍

ill help run the general store for everyone :D

“But You’re not being rushed, you’re just late to the table” 😂

BOAT Bust Out Another Thousand

That is the STRANGEST closing I've ever seen.

"I'm going to get my toothbrush and leave." Now that's a scripted line.
Absolutely no-one does a deal at this scale so quickly. The attorneys, CPAs, et al are in the soup.
There would be financing involved, too. NO WAY can Parker justify stumping up 100% of the original asking price.
Things just don't roll that way.
For tax reasons, alone, the seller is going to demand a back-end arrangement.

If I was advising Parker I'd be getting him to angle a deal of something like $10m + a performance earn out. If it does better than expected then the total proceeds would be greater than $15. Less would mean less. Earn out period first 3 years upon taking over.

Easier way to think through the business decisions. 7 years for 15 mill. What's the owner pull out each year for the first 8 year? If it's not a big chunk over 2.2 mill a year then he won't make profit. The drilling samples also play a huge part to prove if there is 7 years of mining left.

That deal seems a little weird. As the land owner, I would have given other miners a chance to counter bid.

Yea párker has come a long way but he is also very smárt and the wisdom of his grandfater still with him g p proud of you and ive watched to i seen you make alot of great decisions by using brains stay ahead proud of you parker