Looking finance for small Gold mining project

by Kats Y.
(Philippines)

We are looking finance for small Gold mining project in Philippines. Already prepared. It can start quickly when receive finance.

Details of a Gold mining section
1. Mining spot

Municipality of T’Boli , Province of South Cotabato , Island of Mindanao , Philippines

2. Mining period

November , 2013 –

3. Copartner

Datu Joel T. Buan / T’Boli Tribal Head

4. Initial Investment expenses ( $104,400 )

Movable property : Crusher , Engine , equipment
Lease ( 3 months ) : Land of factory 1,000 square meter
Light, heat, water expenses : 3 months of the first stage
Rights and permissions : Working spot 120,000 square meter
Transportaion cost : working spot to a factory ( 3 months )
Personnel expenses : Plant administrator 1 person, ( 3 months )Spot administrator 1 person, Employee 20 person
Motorcycle : 1 set to plant , 1 sent to spot
Fixtures : Bag , mercury fungicide , etc
Miscellaneous expenses :
The fund to leave : It prepare for the insufficient situation

5. Production Capacity

Rodmill Production Capacity 1 cycle 4 hours
1 pcs 0.08 grams
40 pcs 3.2 grams / 4 hours
19.2 grams / 24 hours
576.0 grams / 1 month
80% production 460.0 grams / 1 month

Recovery pond
Production capacity 70% production 1,070 grams / 1 month

Production sum Total / 1 month 460 + 1,070 grams 1,530 grams / 1 month
( 1.5 kg )

Spot Ore 1.7 ton
Plant Gold 460 grams
Recovery pond Gold 1,070 grams

6. Projected Income Statement

Sales 1.5kg / @1,300PHP 45,240.00
Cost of Sales -
Gross margin 45,240.00
Lease Land 120,000 square meter 69.60
Personal expenses 22 person 2,505.60
Transportation Spot - Plant 696.00
Fuel and light , etc Water , Electric 139.20
Repairing 464.00
Communication Phone , Internet 116.00
Other expenses 464.00
Total expenses 4,454.40
Operating profit 40,785.60
Non-operating P/L -
Ordinary profit 40,785.60
Sales Tax 2,854.99
After-tax profit 37,930.61

Business analysis Operating profit ratio 90.15%
Ordinary profit ratio 90.15%
Return of Investment ( month ) 36.33%