METALS OF INTEREST RECOVERY SYSTEMS, LLC.
A NEW MEXICO PRECIOUS METALS PROJECT
AND ITS HUMANITARIAN IMPACT
INTRODUCTION:
Metals of Interest (MOI) initiated this project for the extraction and sale of Platinum Group Metals such as gold, silver, platinum, et al., and to achieve the humanitarian and environmental benefits related to project success.
We will buy a source material, called magnetite, which is rich in the metals of interest. The recovery process for these metals is by flotation, utilizing the unique formula developed by our chief metallurgist. It is non-toxic and fully compliant with environmental and industrial hygiene standards. It utilizes standard metallurgical bench processes and reagents, aligned and balanced by our metallurgical engineer to achieve the
targeted recoveries. The precious metals extracted will be marketed in two different ways. There is a high demand for the materials in concentrated form, both in the United States and international markets. The concentrate may also be sent to a refinery to produce the individual elements that can be sold at spot price. Additionally, some of these elements may be held in reserve, anticipating price increases or variations in the market.
PROJECT OVERVIEW:
Our Project Team was attracted to this project and future parallel opportunities because of the monumental impact of the historic mining ventures in the area and throughout the Southwestern United States. After a half century of these mining ventures, the industry has fallen into disrepute, lapsed into a dying mode and left a residual impact of devastation of the topography of the area and economic stagnation through unemployment and idle businesses.
Through the recovery operations MOI will introduce to the area, we will restore the ravaged countryside to its original state, or better, and relieve the area of the massive environmental issues created. In addition, we will be able to revive a stagnant economy through employment and activation of unused or underutilized business operations.
A network of experienced operators and process specialists is available at start-up.
PROJECT DESCRIPTION:
Through many years of research and development by its chief metallurgist and his associates, MOI has ownership of the formula for the recovery process for various valuable Platinum Group Metals (PGMs). These precious metals exist in the residual materials from various mining operations in the Southwest, USA. Until now, separation and recovery of these PGMs has been difficult to impossible because of a number of factors, including chemical composition, the characteristics of the clusters of minerals, and imperfect recovery techniques. Because these PGMs are in a highly concentrated source material, our validated findings indicate potential values well in excess of $5000 per ton of source material processed. Additionally, our recovery process enables production at a fraction of the cost of the source material, thus creating outsized margins.
To authenticate its findings, we have procured assays from leading metals assaying companies. Those findings are summarized in spreadsheets that can be provided to show the consistency of the outcomes, both from corporate metallurgical work and the assay companies’ additionally refined work. While market prices fluctuate for each of the identified metals, consistently these yields have demonstrated values in excess of
$5000/ton with higher yields reaching $15,000/ton. The supply of source material is not an issue. MOI partners have identified a supplier who has offered to sell a minimum of 1,800,000 tons. Their current quoted price is $11.00 per ton. There is also available to us a minimum of another 60,000,000 tons which can be secured by options or purchase. The current estimate of MOI is a cost of less than $100 per ton to acquire, transport, and process these materials. This number may vary, depending on the proximity of the raw material to the processing facility and the corresponding increase in transportation cost.
MOI also has an offer for purchase of a processing facility with a capacity of 1500 tons per day. The facility is permitted for operation, has available process water and abundant surrounding property for storage of the source materials.
The residual material after the extraction of the PGMs also has significant value and a ready market. Its primary metallic content is ferrous oxide with a current market value of $200/ton. This material, when further refined and combined with alloys, is in high demand for tool steel manufacturing worldwide and has values as high as $5000/ton.
In addition to their monetary value, the resale of the residual materials also has a dramatic impact on the environmental recovery of the areas devastated by earlier mining ventures.
The market is strong and growing for the metals of interest we can recover. The product, in concentrated form, is in demand by more than 20 interested buyers, some in the United States and others in the international market. The individual elements to be recovered are in high demand by Governments, the automobile industry, and by key high tech industries such as computer companies. There is also a strong international interest in the critical individual elements.
FINANCIAL REQUIREMENTS:
To initiate the project with a solid start-up utilizing a minimum purchase of magnetite will require an investment of $50,000,000. While protecting the potential of the project and to secure the project against encroachment or prohibitive interventions from competitors, required financing would increase to $350,000,000. Our current business strategy is focused on a viable start-up that can, in a minimum time frame, generate significant revenue. As a result the project may then become self-financed.
We are fully confident that the success of our validating step and the revenue generated in the operation of our start-up plant will position us to secure full project funding. This future funding, which may total $100,000,000, is essential to optimize project potential and to secure the venture against encroachment or prohibitive interventions from competitors. It will also enable us to secure all the known available resource materials, prepare additional processing facilities as required, comply with all Federal and state licensing requirements, secure the staffing and systems essential to the project and its success, and provide for business expansion into other geographic areas where our research has shown the resource materials are available.
MOI Recovery Systems LLC is prepared to discuss these sequential steps and the funding required with any interested parties.
Paul Forshey, CEO
Metals of Interest Recovery Systems, LLC.
pandrforshey@comcast.net
May 16, 2011
