YellowFusion
New member
Good day people!! First time here. Let's prospect around...
Gold dredger here
- Thread starter YellowFusion
- Start date
Good day people!! First time here. Let's prospect around...
Welcome! You do metal detecting prospecting?
YellowFusion
New member
Actually not with a detector. I am doing alluvial prospecting. How can I ask for joint venture funding in this forum?
There's not really a way to do that yet, but let me think. We could probably do a group funding forum, but I need to really consider it.
YellowFusion
New member
Yes, i understand. From my perspective, and someone who is really eager and serious in this business, i have to try. So far I spend my own private money on everything, but i think going into funding will give a breakthrough. The funding is with risk (like many other type of businesses) but if it succeed it will be profitable for the investors. The amount is not that big, but to big for a private individual to raise it in a short time. I have photos, and location is already pinpointed, I bought myself the hardware (dredge, pump, materials, river boat and machine and tooling. I have the necessary startup manpower. All what I need is to fund the final logistics, fuel, provision, travel costs. This would be around $25-30K. Within a month it would be already making production and in 3 months profit. This is a huge alluvial deposit laying in river water about, 1,5-2 meters deep. Flood gold with nuggets, the flood gold is relatively big, no dust. Everything is proven, been there 3 times to prospect, to check and to have permissions on paper. All good to go. Myself own a gold company and is legit to trade gold, mine gold, and produce equipment, and consultancy on gold extraction. I have started this company 2 years ago and was busy to locate a good deposit which will bring in Gold for the next 10 years easily. See the real pictures, those are dredge samples. If there is interest then I will provide photos of the location and scenery. Ow and the purity is good, starting from 92% up to 95% pure gold.
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Do you have pictures of all your new equipment ready to go
YellowFusion
New member
Yes, I do. In fact the 6 inch dredge with 2 engines, river boats, diving suits are at location, the 4 inch not, it's somewhere else remotely currently. I am from Holland, and I have a work permit for PNG and I own a company fully running (at this moment we don't make profit because I am not dredging yet). I speak the local language and I am good and well connected inside the local communities. At this moment I am in Holland, doing some work and saving some money for this project. So everything is going slow. I have invested myself a huge chunk already. I travelled last year alone already 4 times. So imagine (Europe to PNG). But I really believe that is a fantastic project and huge opportunity and pouring in gold easy for the next 20 years. The area is clean, nice, and peaceful. And I have the sole right to dredge in all rivers signed by the community during negotiations. Nobody dredged there before, all what the locals did was panning. So imagine. I have seen heavy nuggets as well pulled out by the locals, i have photos. The yielding of a 6 inch is really good, I can't disclose the exact yielding, but without execrating, the yields are very very good, because this is high grade deposit. I have different types of 6inch dredges, one very sturdy and durable with vanguard engine and other with Honda engine. The Honda engine is very good as well. In other words, I need some money to arrange the logistics, provisions, some backup money for my bills at home and my flight ticket and then we can start. All a realistic budget calculation, because I had tons of experience already from zero to now.
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