Damn you I was going to say the exact same thing. He must have at least one gold tooth...
Fred's "very good news" to the team is that he owns the claim. What an a55hole--the way he told them. Business wise I don't think he did anything wrong even, especially if he really had been trying to buy it for years. And in their first hour (?) of work they actually got $1200 in gold I think.
Todd totally fvcked this up, though, epic mismanagement, to actually let this situation happen legally that they could blow all that time working and then not be locked into the claim. He must feel like crap.
That dude from Texas who was going to invest and then pulled out made the obvious right choice.
If not for the bears they could have fed Fred to the bears.