South American Gold Mine Project
Throughout history Gold has been prized above all other metals and it remains the choice of Governments and serious investors throughout the world. With Gold prices running at just under U$1250 per ounce we believe that this project offers tremendous potential.
The Muluncay Midas Project II – Mr Willy White Group President
Potential Artisanal miners normally expect to mine 1 tonne per day per miner. After expansion and modernisation FMSA intends to target production at 60-80 tonnes per day within one year, increasing to full capacity of 150-200 tonnes per day within 3 years. With a lengthened tunnel, we will try to expose a minimum of three Gold veins to be worked concurrently both upward and downward. The potential from even only one mine is exponential with some mines still in full production after 150 years and over 17 kilometres of shafts running up to a kilometre underground. FMSA employs local miners and works closely with the local community to ensure the area is not exploited to the detriment of the communities which have been built on and rely on Gold production.
In addition to the Gold extracted, the area has rich Copper and Silver deposits. There are further opportunities to extract these valuable commodities during the refining process. We do not include any revenue from these minerals in our forecasts or projections as there are many variables that need to be considered, such as production volumes and refining methods after the initial Gold refinement. It is sometimes not financially viable to process the ore again if the mineral content is below certain levels or the volume of ore is not sufficient, however, it can become a significant additional source of revenue and can boost the overall income per tonne considerably.
Caesar Alternatives have carried out due diligence on this project offered By Fyfield Minera however this is an unregulated project open to only sophisticated and high net worth clients.
Fyfield Minera and FMSA risk Warning:
RISK WARNING Acquisition of mineral rights carries a high degree of risk. Contribution to early stage projects has intrinsic risk as the rights that are purchased may never produce a yield or capital return, for example lack of economic viability, geological faults and landslides may disrupt production, worker strikes and other operational difficulties may occur. Any fall in the Gold price will also affect the return from this operation. Individuals must be aware that there is no established market place and any secondary market would be created by Fyfield Minera SA, and is not guaranteed. Individuals should seek independent advice before any purchases and only invest with risk capital they can afford to lose
By becoming a limited partner in a limited partnership by the way of contribution, you are not liable for the debts and obligations of the firm beyond the amount you have contributed. You may not take part in the management of the business, even though you do have a vote on any significant decisions regarding the underlying mineral rights. You do not have any power to bind the firm in any transaction.
Becoming a member of a Limited Partnership does not provide partners with any protection under the Financial Services Compensation Scheme as this is not a regulated investment under FSMA 2000. There may be no exit and your capital may be lost. You should not become a member of a Limited Partnership unless you are prepared to sustain a loss of your capital. We would advise that you take appropriate independent advice from a lawyer or regulated financial adviser.
A Limited Liability Partnership is not a collective investment scheme and you have no protection from the FCA. FMSA owns the underlying asset and as such the Project does not need to be fully subscribed. The partnerships are part of an independently incorporated LLP and will not be legally affected by FMSA or any associated company or their failure.