Permitted remote underground lode mine (gold) with camp housing for 16, offices, kitchen/lounge, shop, and other miscellaneous buildings/infrastructure. Property also has a permitted crushing circuit and ball mill onsite.
Extensive geological information is available. Seller is motivated.
$20 million for 100% ownership. 2% royalty to remain after sale.
Payment terms are negotiable with substantial down payment.
Discount for single cash closing.
Claim block is 960 acres and has several historical mines on the property.
Could be cash flow positive within six months of purchase.
Current USFS Plan of Operations is in the process of being renewed. Over $200,000 has been spent on the P of O renewal over the last two years.
Buyer should budget $1,000,000 to put into the project for repairs/equipment. Transfer of permits, MSHA statutory requirements, and site repairs can be performed over the winter months for an early spring opening if property goes to escrow before the end of the year.
Qualified buyers only. Proof of financial ability to compete the transaction will be required up front.
Owner/management team will assist in re-start for the first 12 months (Industry standard compensation outside of contract amount will be required).
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.