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Extremely Rich Gold & Iron Mine
Location: United States -> Arizona -> Pinal
Industry: Manufacturing > Metals Manufacturing




Business Summary

The claims consist of 640 acres of BLM land in the State of Arizona. The property is recorded in Pinal County.

A claim evaluation and geological report was done by Ron Parker (who is a long time geologist and expert in the area) and shows that the Claims (640 acres) of land contains at least 19,027,008 PROVEN tons of Magnetite (Iron), and a possible 9,211,024 ounces of gold. At last calculated commodity prices in March 2013 report, this amounts to $3,805,401,600 in PROVEN magnetite and $14,714,610,000 estimated gold per 640 acre claim to 200ft in depth. The claims also contain silver, titanium, and other precious metals (see report and assays). The average gold content based upon many assays throughout the area and claim is estimated at .472 ounces gold per ton, while the average Magnetite is 7%. There are much higher percentages of Magnetite on the Claims than the average in the area but this will vary depending on terrain and locations on claim. Other assays have been done in the area just below the claims, out of our same wash and alluvial flow (just property below us) showing gold as high as 4.8 oz per ton. Assays on this Claim have been consistently between .209 opt and 4.8 opt showing results consistent with other assays in the area. The claim is a placer type of mine, in that the magnetite, gold, silver and others are small nano size particles mixed within the sand and soil of the ground. The gold and other precious metals are both attached, and free standing. The site is accessible by a main road that runs near the property. Utilities are close to the property. These claims only have a pilot plant operating, all financial

Listed Price: $ 85,000,000
212-661-4160


Financials

Asking Price Range:  > $35.0M
Gross Revenues:   $25,000,000
Cash Flow:   $8,500,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2002
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Complete training and support
Reason For Selling:  Other projects

Photos

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Extremely Rich Gold & Iron Mine Photo 1




Print Listing Id: 700233052
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Also See: Franchise Opportunities > Franchise Resales > Arizona Businesses For Sale > Arizona Franchises For Sale > Arizona Business Brokers



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