Mining Company
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  1. #1
    Senior Member Reputation points: 1018
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    Oct 2012
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    142

    Mining Company

    We have a client that is in the mining industry. They have extensive experience in this industry and are looking for a placer mine for gold in the Yukon Territory, which they have located, and are seeking financing. The mine has equipment and it's ready to operate. They are a start-up, but has an experienced team of (6). The mine is paying out $20.00 per yard at 80 yards per hour at 12 hour days at 6 days a week.

    Requested: $400,000 for the mine
    $150,000 operating capital

    Additional requested information can be provided.

    Howie Dane
    President

    Funding Sources for Business
    president@fundingsourcesforbusiness.com
    www.fundingsourcesforbusiness.com

  2. #2
    Senior Member Reputation points: 43599 brokerCompany's Avatar
    Join Date
    Aug 2015
    Location
    CALIFORNIA
    Posts
    930

    IF they own the equipment get them a sales leaseback

  3. #3
    Member Reputation points: 817 Jplummer's Avatar
    Join Date
    Oct 2014
    Location
    Indianapolis
    Posts
    75

    Is this a US based company?

  4. #4
    Senior Member Reputation points: 54977
    Join Date
    Dec 2013
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    4,713

    Howie -
    Have a lot of Australian friends in the mining world (lived in Australia for a while after i got married to a local Ozzy)...one recommended your client reach out to this group.... they have a strong mining finance division!

    https://www.macquarie.com/us/corpora...mining-finance
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  5. #5
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    These guys need equity not debt.

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