No need to be the sole purchaser. Several parties can invest a percentage less than the full Buy-In amount. For instance:
6 people invest 1M + 3 people invest 1.5M + 1 person .7m = 11.2M total (80% available for Buy-In). (Basic concept for Mine No. 1 in blog below.)
3 parties invest 3M + 1 party invests 2.7M = 11.2 total Buy-In
11 parties invest 1M = 11M (good enough)
2 party invests 4M + 1 invests 3.2M = 11.2M
Other combinations are possible. Please contact me if you want to be on a list to be in the investment group {email near end of blog}.
3 more mines are available for percentages of buy-in.
2. 500 feet away from a very famous historic mine another deposit was found in April 2009. Testing says the deposit is substantial. Max investment is $15M (owner retains the other 50%).
Maybe you can find 1-5 people wanting to invest 1m or more for a percentage of the 50%.
3. Another mine is appox 1 mile from the new investment above. The history of the neighborhood in the district is well known. Please sign a Confidentiality and Non-Compete Agreement so that I can tell you the details and then you can speak with the land owner.
4. The third newly available is approx 7 miles north of the first one listed in the blog below. It has an intercept with 8 OPT Au. Intercepts are typically a 5 or 10 foot vertical section from the assay of a drill hole. Check this webpage for updates every 1-2 weeks.
Monday, October 19, 2009
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