Stan Pittman
Colorado Springs, CO (USA)
Role(s):
Founder/Owner/Principal
Destiny Mining, LLC
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Startup
Location:
Colorado Springs
Industry:
Energy
Year Founded:
2009
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Over the past several years we have built and tested a gold processing plant that is currently capable of processing enough yardage to net 2 to 3 ounces of gold per day. The plant is currently in operation and producing cash flow on a placer gold property located in Colorado. We have no debt and are seeking investment funds for expansion to acquire the property and increase the daily production through the purchase of additional equipment. We currently own a front-end loader, track hoe, trommel, grizzly, generator, sand screw, and conveyor system which are used in the operation.
We are registered with MSHA, own the mining permit with the Colorado Bureau of Land Reclamation, have a listed mine id, have the necessary MIIN numbers and have filed the yearly miners training plan, which has been approved.
We are seeking between $600,000 up to $1,000,000 to take the operation to the next level. We feel with the increased funds, the cash flow from the operation will increase 2 and a half to 3 times the existing production.
Since the business is currently in operation, we have proven the gold reserves are in the ground and have limited the risk.
Gold is a very liquid asset and we have a source that will purchase our gold at 98% of spot. The gold is 74% to 77% pure with about 20% silver. The remainder is lead and iron.