We have identified a granite sheet deposit of a unique color with very little/negligible porosity which takes a very good shine on polish.
We have procured 16.0 + 2.0 acres of land with granite deposit and have taken all statutory permissions required to explore in 4+0.5 acres to start with. The total extent is deposited with a sheet of granite. The deposit is just at the existing ground level and is protected from natural weathering. The sheet is with very few joints and color variation, also no quartz deposits to be seen externally. We are planning to work to not harm environment in any way since there is no air, water or sound pollution. The technology has also developed in new machinery to have the maximum production with very little wastage and damaging the output. The color is multi-color and ivory based and may be Raw silk granite is the closest match on the existing granite available in the universe. The mineral can be used for both slabs and monument industry. Domestic market is huge and are short of raw material since most of the quarries i the country are stopped. Also there is a good demand for export to China and European countries. We can produce about 3000 Cu.M of rough blocks a year which is a very conservative figure. We have purchased 8+1.0 acre of land have availed permission to start in 4.0+0.5 acres. W need funds for buying the balance land, developing and exploring the quarry to produce marketable granite blocks. We need $200000 as equity against the total investment of $800000 and a minimum of 25% ROI can be given quarterly from the second quarter from exploration.
The mineral granite identified is of very high hardness, very little porosity and the color and texture is unique. We don't have any competition since our granite is unique. The supply is reducing as the regulations are getting tightened and applications have increased in multi bounds. We are having a permission for next 30 years and are planning to explore the deposit scientifically for longer goal.
As explained earlier, there is a big difference in supply and demand in the whole universe for the granite mineral. We have a very good domestic and export market for our mineral. We promoters of this project are Civil Engineering Graduates and one partner, after graduating ventured in to granite business in its quarrying, processing and other activities. The other partner served in Indian nation Army and retired as Colonel and is heading a construction consulting services.
We are looking for funding to partly buy the balance land and for the working capital. we are not making big capital investment on machinery and the project is going to buy it from its earning from the second year. We are hiring the excavators and leasing the other machinery like Compressor, wire saw cutters and the rest.
We need only one round of financing and within next two months
We are looking for a equity investment and if the investor can find a International buyer or a buyer can be a investor. We have discussed with couple of representatives of China and the domestic market.