The Gold Reef Flux Project consists of 2 Patented claims and 6 unpatented BLM mining claims in Maricopa County, Arizona. Just 36 miles NE of Phoenix this mining property offers good roads and year 'round mining. It is located in an area where water wells are reported to produce up to 1500 gallons per minute.
The company has a purchase commitment from a local smelter to buy up to 3000 tons per month of Gold Reef Flux ore. Assuming a $1290 per ounce spot price, this will mean a gross monthly income of approximately $735,300. Net Profits are expected to be about $324,000. Major costs are mining and trucking and the Company expects to negotiate a better price on both.
The first 2 years of production are planned to come from surface on the Patented claims. The gold flux ore ranges in value between .15 opt and .69 opt. The company has a old report claiming that there is 15 million tons of ore worth about $2.2 Billion at today's prices present on the claims.
They are looking for a loan to begin mining and are offering a 140% return with loan repayment in the first 12 months and carried interest. Or the company will consider selling outright for $3.5 million.
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email us and ask about the
Gold Reef Flux Project #L1835
fax (208) 265 5377