Strategic Growth Plan
Fund Raising
Current Status: Outstanding Shares: Total issued (fully paid) 102,000,002 shares
Stage 1: 6-10/2008 - raise $2m by issuing 20m shares at a price of 10c/share
Use the funds to conclude JORC compliance eluvial Resource Estimate in Siankopo, Kandiole and Ibula and increase production to 600 ton per hour of ore prior to listing
Stage 2: 5/2009 - list on ASX and raise $30m by issuing 60m shares at $0.50/share
Use the funds to increase capacity to 1,000 tonnes/hour and develop all the mines
3 steps to Initial Public Offering :
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3 steps to Initial Public Offering
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Bond Issue
We also offer investors who are interested in fixed return secured corporate bonds with high yield. Our current limited offering includes the following :
Amount Interest
$10-100k 3% per month
$100k-1m 4% per month
The bonds include 3 months grace period and are set for 2 years with our call option on the second year. The bonds are secured and if we delay on the repayment of interest or capital the investor shall have the right to convert the bonds to shares at improved rate
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Cash Flow
A Cash Flow for the project including all costs such as exploration, test works, mining, processing, drillings, machinery, equipment and operational cost is attached. Also included is the production rate, income from sales and investment and projected profit for the eluvial section only.
Time table
2007: Obtain the mining rights, Radio Metric Scanning, Pitting and Trenching, Construction of
the camp site and preparation of the eluvial resource estimate in Siankopo
2008: Conclude Resource Estimate to JORC level, Test Works and start mining @ 40
tonnes/hour of ore, pre IPO drillings, explorations, BFS, Off Take Agreement
2009: Increase mining and processing capacity to 600 tonnes/hour, improve the infrastructure
and listing preparations such as issue of Prospectus and other legal and accounting
requirements, IPO conclusion and start developing the other tenements
2010: Full scale mining and processing @ a rate of 1,000 tonnes/hour of ore, export to the market and become a major tin supplier
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