GOLD MINING TECH
Gold Mining Tech incorporation is a start-up company specializing in mining gold deposits. GMT was established in February 2016 for gold exploration and mining in Guinea
deposits.
GMT is a real business with a well-developed financial Business Plan specially adapted to the Project by the company’s legal structure, backed by documents for supported
rights for the concessions and the availability of expert opinions regarding the gold deposits’ value.
GMT has all the necessary permits to conduct exploration and extraction work on two land areas in Guinea with area of 13 square km. and 101 square km respectively.
The total gold content within these concessions, according to the geological report, is no less than 11.5 tons, which is equivalent to approximately $355 million.
WHY GOLD?
Historically, the dynamics of gold value has tended to increase. It’s also worth noting that an expected price correction for the gold market has been seen during the last few
years. Each tide of market growth is followed by a correction market fall, and then an upward trend comes back.
That is exactly why now is one of the best times to enter this market.
Bloomberg, an information and analysis company, reports the following important statistic: "The capital expenses of gold-mining companies are consistently decreasing
since 2012 (expenses for mineral prospecting are not included)".
WHY GUINEA?
In most gold mining countries, gold deposits have been worked out by more than 70%. Additionally, many countries have no more than 20 years left before remaining
deposits are fully worked out. Guinea in this regard is a "young" gold-mining country.
An important distinction of Guinea is that it has a very large supply of placer gold. This type of gold is easier to scout out and operate mines for in the short term; Guinea
also boasts lower tax rates for mining companies at 3%.
The market for gold mining is currently on a high note due to the following reasons:
- Gold’s value has, historically, been growing;
- The costs of gold-mining companies are decreasing;
- The demand for gold is stable, with obvious growth in the investment segment;
- There is an economically favorable business environment in Guinea;
- The amount of mined gold is growing, which suggests a growth in demand.
ROADMAP
Project development plan for a period until 2019:
1. Beginning of the investment package formation (proprietary resources and attracted investor funds) to establish a production enterprise and basic infrastructure to
implement ore gold mining at the "101 km" plot. Period: May-December 2017;
2. Technical realization of the ore gold mining project at the "101 km" plot. Period: year 2018;
3. Start-up of the ore gold mining at the "101 km" plot. Period: January 2019;
Details
Coordination of the structure of the labor camp and license for gold mining at the "13 km" plot. Delivery of heavy machinery, provision of working capacity of the camp:
power supply (generator), water supply (well sinking), petroleum logistics division. Period: October- November 2016.
1. Continuation of geological exploration the "13 km" plot - November, December 2016. Start of the geological exploration works by drilling at the "101 km" plot. Period:
December 2016 – April 2017.
2. Start-up of gold mining at the "13 km" plot. Period: December 2016 - January 2017.
3. Set up of the labor camp and working infrastructure creation at the "101 km" plot, getting a license for gold mining. Period: February-May 2017.
4. Start-up of gold mining operations at the "101 km" plot – June 2017.
5. Preliminary assessment of the general occurrence of gold placer at the "101 km" plot is from 10 to 12 tons.
Economic substantiation of placer gold for the mining project
Currently, the project development includes 2 land plots (concessions) with areas of 13 sq.
Area: 13 sq. km.
The content of gold is based on a geological survey of the entire area which is no less than 1537 kg.
The estimated dollar equivalent of deposits for the whole area: $63,017,000.00
Net profit estimate after deduction of all costs: $47,262,750
Area: 101 sq. km.
The content of gold is based on a geological survey of the entire area: about 10 tons.
The estimated dollar equivalent of deposits for the whole area: $401,385,000
The estimated Net profit after deducting all costs: $307,500,000
You can read all the details in our Whitepaper:
https://drive.google.com/file/d/0B_sZG7WkVJKgVk1YRGZSalVXRzA/viewOUR MISSION
Our goal is to create a new kind of real business that anyone can invest in: the financial flexibility of technology plus the stability of traditional industrial projects. This is
a revolution that is made possible with the help of the blockchain technology.
The main aim of our platform is to create a unique development model for major manufacturing projects using a micro investment tool.
Amount of investment
The planned amount of additional investment is $ 2,500,000. This amount is sufficient for implementing the project and attaining the economic indices stated in the Business
Plan.
If the investment shall exceed the required level, the additional amount shall be utilized for improving the technical basis of the Project, resulting in a substantial
acceleration of the Project’s implementation rate and an increase in its capitalization.
The investment required is for extra equipment (excavators, bulldozers, trucks, generators), and drilling machines, as well as for carrying out geological surveys in
the 101 sq. k concession.
ICO
The company enters the investment market to finance the organization of mining activities. It will purchase the necessary equipment, maintenance of the work camp,
provide logistics and other accompanying costs.
The benefit for investors: a year after the ICO (10.01.2018) the company guarantees the redemption of GMT tokens for $2 per token that ensures investors an annual yield
of 100%.
Crowdsale price:
1 GMT token = $1The total number of tokens to be issued under the Project is
10,000,000Dates of the ICO:
23.01.2017 – 01.03.2017
The guarantees for an investor
According to Singapore laws, a company is liable to an investor to the full extent of its assets, and in case of any barriers and obstacles for the project implementation, an
investor has the right to compensation for his money invested, pursuant to % of his share holding, after the Company’s assets are evaluated and sold.
An investor is entitled to resell its share both internal and external investors, and to transfer his share by heredity, deed of gift agreement or assignment agreement.
The Company undertakes to repurchase a share under the following terms and conditions: Repurchase of a share may be made not earlier than 12 months from the date of
investment, and not earlier than 6 months after the date of start of gold mining.
If an investor wishes to sell his share after the start of dividend payment, than the company shall repurchase a share at a price calculated at the following formula
Repurchase value= investment amount - dividend amount + compensation (investment amount – dividend amount) * 110%).
Company guarantees
buyout at price $2 / token starting
January 1, 2018.
Risk insurance
The company undertakes to ensure the machines and equipment used for the Project implementation, after putting them into operation. The process of gold transportation
from the camp to the bank in the capital of the country, will be insured by the state in full. Transportation of gold from the capital to the country where gold refinery is
located (Switzerland) will be insured through the Project funds and this cost item is included in the cost of production. After gold is transferred to the gold refinery or
bank, it will be insured by the relevant organization. Every investor will receive information about the work in the area and the Project cash flow reports. Dividend shall
be paid quarterly, but not earlier than 3 months after the start of gold mining. The investment program participants may learn more information about the terms and
conditions when executing and signing the agreement.
General: GMT tokens are shares of GMTINCORPORATION PTE LTD which are the basis for receiving dividends.
Governing law: Singapore
Dividends: According to our estimates the first dividend payout will provide 100% profitability. E.g. one buys $100 worth of GMT shares today and
receives $100 back + $100 in dividends 12 months from now.
Liquidation Preference: In the case of liquidation, claims against the company are satisfied with no preference.
Redemption: Tokens can be redeemed either through the token-to-BTC exchange via an gmtshares.com wallet or through sale on one of the
cryptocurrency exchanges.
Exchange and Transfer: There are several options for transferring and exchanging tokens:
- Official wallet (gmtshares.com)
- Exhanges which accept GMT tokens
- Mist wallet (transfer only!)
Infrastructure Wallets Web: FIXME
Full node: Ethereum Mist with EIP20 address from the above
Technical Specifications Primary project website:
http://www.gmtincorp.com/ Supply: 10,000,000; adjustable — currency administrator can issue and redeem tokens in exchange for cash deposits and withdrawals.
Symbol: GMT
ICAP symbol: GMT
Decimal places: 0
Transaction fees in GMT: 0%.
Transaction fees in ETH: refunding to the sender
EIP20-compatible contract address: TBD
LINKS Due diligence documentationWhitepaper:
Incorporation certificates:
https://drive.google.com/open?id=0B1muVoropAm7YkhKY1RTNGExX00Mining permits:
https://drive.google.com/open?id=0B1muVoropAm7ajdlX2x4SFZSQjgGeological survey report:
https://drive.google.com/open?id=0B1muVoropAm7dmVFUmdXOWFKVVkLegal documentsA document confirming GMTINCORPORATION PTE LTD’s registration under Singaporian jurisdiction:
https://drive.google.com/open?id=0B_sZG7WkVJKgQm9oaWR5QlBwTEUThe Certificate as part of Trustaco - Gold S.A.R.L.U. ownership of GMTINCORPORATION PTE LTD:
https://drive.google.com/open?id=0B1muVoropAm7YkhKY1RTNGExX00The Contract Offer for buying digital tokens:
https://drive.google.com/open?id=0B_sZG7WkVJKgbEhqY1JxYmF3TWsFor a Memorandum and articles of association of GMTINCORPORATION PTE LTD:
https://drive.google.com/open?id=0B1muVoropAm7RVlKaThqZ29mRHM
ReportsA report on the prospecting and evaluation works of placer gold within the Kodierani license area (Siguiri Prefecture, Guinea):
https://drive.google.com/open?id=0B_sZG7WkVJKgVm94MjYwSXFmZ2sA Geological Statement on the 13 sq. km plot (concession):
https://drive.google.com/open?id=0B1muVoropAm7MGVTSVF0SzN3NFkFor a Geological Statement on the 101 sq. km plot (concession):
https://drive.google.com/open?id=0B1muVoropAm7WWVDYXN4dnljRFETWITTER
https://twitter.com/gmt_icoMEDIUM
https://medium.com/@ico.gmt BITCOINTALK
https://bitcointalk.org/index.php?topic=1740990.0INSTAGRAM
https://www.instagram.com/gmtinc/
