Fri, Jun 13, 2008
TOKYO, (Reuters) - Japan’s largest bourse plans to launch the nation’s first bullion-backed, gold exchange-traded fund on June 30, in a bid to draw more investors and help enhance Tokyo as a financial centre. Full Story.
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
The Gold Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
For upcoming gold investing trade shows, see the following links: Cambridgehouse, IIC
GoldInvestingNews.com maintains a focus on Gold exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Copyright © 2008 Dig Media DigMediaSolutions.com 740 Nicola Street Ste 100, Vancouver BC V6G 2C1
July 1st, 2008 at 6:23 pm
I have a client that has 2,640 acres of Bureau of Land Management (BLM) Gold Claims in AZ. The owner has offer to purchase 2,317 additional acres immediately adjacent to property already owned. This property is patented property. All values in both properties are in Alluvial deposits. Tests have shown as much as 7 gms per yard on both properties.
Owner is proposing a joint venture for one hundred and sixty nine million dollars ($169,000,000). Forty per cent (40%) signed over at the first trance of 21mm with J.V. Partner. The trances will be, 21mm and all location testing will be completed in 60-90 days. When location testing is complete, 48mm shall be paid to Lion Canyon to commence full operational status. Then 50mm in 6 months, final 50mm in six more months. Investor gets 80% of income until even. Location testing shall commence on the 2,317 acres as soon as we can close escrow on it. This will be from the second trance of 48mm. Lion Canyon is paying 16mm for the 2,317 acres. All of the 169mm will be used to acquire the extra property and go into operation on the full 4,957 acres.
Trance 1 - 21mm with J.V. Partner (testing completed in 60 - 90 days)
Trance 2 - 48mm at commencement of full operation status
Trance 3 - 50mm in 6 months after start of full operation status
Trance 4 - 50 mm in 6 months after last 50mm
Total : 169mm
Investors will get 80% until even.
Forty to fifty years operating at 400,000 oz. per year.
Owner can close the BLM Gold Claims in 5 business days. All docs current. Some smaller pieces of Patented Property (deeded) will take maybe 3 weeks to close.
If interested contact me for information package.
Geralyn Lee
G & R Investment Properties, LLC
239-738-0212