- Country: Nigeria
- Industry: Energy, Natural Resources, Mining
- Stage: Start-up
- Investment size: $100,000 / min. $100,000
- ROI: 500% in 1 years
- Type of investment: Debt
We are looking for debt finance. The loan payback time is 6 months to 1 year. The interest rate can be even more than 80% but should not exceed 100% in six months.
Our business is about mining of base metals such as tin ore and lead ore, starting up with the former. Our market is global and of high demand. We need funding to acquire beneficiations equipment and to rent and take on lease some equipment for mining purposes. We will give back to investors 10 times the money invested by the. The investor will be able control our account for the agreed time after which they will be free to exit the business.
We need funds up to the tune of 100,000 USD to start our mining project. We have a license to mine the base metals. We are starting small but will go bigger in no time.
To start mining we need to purchase a 10tpd beneficiations machine from China for the tin ore site, rent a dump truck for 2 months, take a 20t excavator from Caterpilar / Mantrac, Nigeria on lease to pay 30%, and buy some mining equipment like air compressor breakers.
The tin ore mining is a very good investment that will bring 500% ROI. For up-to-date tin ore prices, you might check the site of the London Metal Exchange (lme.com). We are selling 70% at LME price and we are planning to produce 10tpd. The purity of tin ore is 68% and of the lead ore - 74%.
We are looking for a loan. We are willing to pay back the invested amount within 6 months to one year. Within this period the investor can control our account. We will pay the investor 10 times the money invested, then the investor can exit the project.That means we pay 1 m united state dollars, then the investor can exit (1,000,000)
All licenses are ready. We need funding to proceed with the actual mining.
We do not have any direct competitors. The business will produce a commodity that is highly demanded on the global market, as tin is something almost every manufacturer needs and looks for at LME.
Rationale for the deal
Our opportunity refers to our ability to act fast to the requirements and demand of our buyers. The buyer enjoys a never ending demand on the part of the manufacturers. We will be generating revenues from the sale of the metals mined. I have been a local miner working with a firm, so I have personal experience in this business.
Use of financing
• Purchase beneficiations machine for the tin ore site which costs 35,000 USD
• Rent 2 dump trucks for 5,000 USD for one month each
• Buy / take on lease at 30% a used 20Tonne Mantrac Nigeria / Caterpilar excavator / crawler
• Buy mining tools: YT 28 - 10 units and G10 -10 units
• Buy air compressors: 2 units
• Buy mining powder: 5 tonnes
CCTV Camera because the mineral is economic viable
• Working capital expenses
Opportunity for the investor
We are looking for debt finance. The loan payback time is 6 months to 1 year. The interest rate can be even more than 80% but should not exceed 100% in six months. Any investor who sees our potential and is interested in our deal can contact us.
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