Photo - Solid mineral:Gold, Lead, Tin, Coal, Iron and Tantalite
23015

Solid mineral:Gold, Lead, Tin, Coal, Iron and Tantalite - loan for business

Nigeria
Market: Metallurgy
Stage of the project: Operating business

Date of last change: 03.11.2017
Min amount of loan
$  500.000
Estimated yield
10 % a year
0
Total required
$ 2.000.000
Rating
equalizer 181 from 1000
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Idea

We Prospect, Explore and Extract solid minerals

Current Status

We are currently extracting ores and beneficiating for our respective markets

Market

An infinite market with buyers and prospective buyers globally. supply can not exceed demand of our different products

Problem or Opportunity

Minerals/mining products are in high demand globally with a large/infinite market.
our current challenges is raising enough capital to meet the demands of our customers

Competitors

demand for our product is wide, there's currently no existing competition.
we hope to beneficiate our products before exporting by adding value to it

Advantages or differentiators

we sell processed products

Finance

Expectation from sales exceeds $50,000,000

Loan terms

36 months

Interest rate, %

10

Type of pledge

Another

Pledge and assets

Mineral title and License

Business model

we hope to generate revenue by reducing cost, expanding our reach and by exporting our products instead of selling locally

Solution (product or service)

Extraction and beneficiation of minerals/ores such as but not limited to:
Gold, Iron, Lead, Zinc, Tin, Tantalite, Coal

Risks

Government policy change, insufficient capital due to pausity of funds
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video