Vladimir Stankovic
Edmonton, AB (CAN)
Role(s):
Founder/Owner/Principal
Grupo de Eldorado Minerales
Find More Startups
Startup
Location:
Near Pinos
Industry:
Other
Year Founded:
2019
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Partnership
Description:
We are a precious metals mining company that is restarting a dormant gold mine in a safe, quite, rurual region in central Mexico that has a very profitable grade (grams of gold per tonne of rock) that stopped due to the death (natural causes) of the owner of the claim. The grade is on average 8 g/t of gold and 30 g/t of silver (which will go up to triple digits as we dig in depth). There is 1.6mn minable tonnes. Geological surveying suggests there is 83 years worth of mining at a 70 tonne-per-day operation. At current prices and over the course of the 83 years: total revenue $672mn; total profit $420M.
We are looking for $645,000 USD to help set up the operation, which is mainly for equipment and 3 months worth of expenses (as insurance). In exchange for this, the investor(s) will receive 20% of profits in-perpetuity as equity. From the last day of the business year the investor(s) shall be paid back their $645,000 at a rate of 50% of net profits, quarterly, until their full investment is returned. The investor(s) will also receive an additional 15% annual interest on their investment until it is paid back, on top of their 20% equity. The money does not have to be paid up front all at once. It could be structured either by time period (ie. per month) or by the equipment needed. The investor can have an attach (ownership) of equipment until they are paid back.
Everything is in place. We have the experienced personnel in Mexico waiting. We have made arrangements and will be renting a nearby mill until the investor(s) is(are) paid back and we make our own mill from earnings. My partner and co-founder, Robert, is a mining engineer with 40+ years experience all over the world, including many years in the region of this property. He has known the deceased owner and his mine for many years, has looked through all the geological documents, has visited the mine, and is absolutely certain of our annual profits. A buyer on the west coast of Mexico, Trafigura, has been established. We will be selling unrefined concentrates of gold and silver so we do not have to worry about theft. The permits and paperwork are already in place from the previous miner, which will allow everything to be set up and be operational and selling in 6-8 months.
We are anticipating at least $4,800,000 USD profit over the course of 343 days (that includes 6 days a month downtime). That is using a very conservative $200 profit per tonne of ore, 8 g/t gold which is also on the conservative side, and a 70 tpd operation. Obviously, as the price of precious metals increases via recessionary times, poor monetary policy, currency wars, general global instability, etc. our profits increase correspondingly.