Placer Gold Mining Company for Sale
Located in Nevada, USA
They have a 43-101 report on portion of the resource for sale.
They have an indicated resource of about 1.2 million yd3 averaging 0.5g/yd3 of gold and an inferred resource of 4 million yds.
Assets include 13 acres of private land, 440 acres of leased land, 67 BLM claims which cover 1,200 acres, approximately 2,500 acres of additional BLM claims, water rights, permits, equipment, plant and building.
Fixed Assets have a book value of about $2.3 million.
If someone wants to purchase the mine outright, they are asking $1,600,000. $750,000 is payable at closing. The sellers will accept terms for the balance. That includes the $400,000 bond insurance.
Another option would be an operator with the following terms: $650,000 as a down payment, 60/40 profit split in favor of operator. Operator has 12 months to begin production and 24 months to begin processing 30,000 yards per month. Operator will bring working capital to run the mine, the necessary earth moving equipment and provide Seller with $5 million in liability insurance.