A mineral question

And no sooner one newbie puzzle solved than another arises... My prospectors have just reported back on a deposit of Iron Ore. Any suggestions on what's best to do now? (Do I really have to create a Mining Academy and spend a year training 1000 miners before I can reap any benefit? - What about processing the ore? Do I have to have an Academy of Smelting, too?)

Jim

no just tell the gm you are going to mine said ore and you can if you wish put 1000 miners into an acedemy for the future. To get the best you need to reseach mining developments like birds, horses, tracks, etc...

Is a mining academy required? Can I just put 1000 recruits to work down the mines? I guess I could, but would get better results if they were trained?

a mining acedemy will help put you can just put the men down the mine anyway.

ah good, that means I can become an Enlightenment-era Ernest Bevin

Do I have to specify how i get the ore to the outside world or if i mine it does it just stockpile or get used. I would like to undercut other providers is that something i can do. Sorry for the simple questions am still learning my way !!

once mined they are available to use, just put in the treasury each year where you want them to be sold, Baltic, Med, Europe etc. Undercutting can cause a price war, be wary.....

I have a number of mines but the goods do not appear on my treasury sheet, i assumed that they were bought and sold on the market and the value added to my trade income

Once a deposit of silver or gold has been located, an investment in that "trade" (mine) can be made, in the normal way, using men and money. This will then provide profit as per the usual way for other trade.
Alternatively, you can choose to have it provide bullion instead of profit. The bullion will need transporting from the mine site to your treasury to be converted into coinage or otherwise used (an "army" formation - a baggage trayne - has to be formed out off the bullion, and any guarding troops, to allow this: The baggage trayne then needs to be given orders to head for wherever your treasury is).
Bullion can be useful to underpin a currency and help reduce the risk of devaluation, and has the added advantage that should your currency devalue, any bullion held will still enjoy its full pound Sterling value.
Any operation mining for anything else is treated as a ordinary investment.