Business
Vanguard Mining Corporation Provides Near-Term Financial Guidance
Vanguard Mining Corporation Provides Near-Term Financial Guidance.
About this update from Mag Mile Capital Inc.
[{"type":"text","content":"\n \n \n Vanguard Mining Corporation Provides Near-Term Financial Guidance\n \n \nVanguard Mining Corporation Provides Near-Term Financial Guidance\n \n NEW YORK, NY and JAKARTA, INDONESIA--(Marketwired - Sep 15, 2014) - Vanguard Mining Corporation (PINKSHEETS: VNMC) today provided financial guidance for three new projects that are expected to generate revenues and positive cash flows for the Company in the near term.\n VNMC is currently focused on a joint operation gold mining project in Karang Tengah District, Wonogiri Regency, Central Java Province, Indonesia, with PT. Raksasa Metal Agung, an Indonesian partner. In addition, the company is also in development of a limestone and gypsum mine on Solor Island, East Flores, Province of Nusa Tenggara Timur (NTT) in conjunction with PT. Yupolo Resources. The company is also focused on sand supplies to Singapore.\n In Phase 1A of the NTT project, based on recent site survey and technical due diligence done in mid September by VNMC and Yupolo Resources, we believe there are sufficient available high quality mineral deposits and excellent infrastructure (i.e. new seaport, stock yard, hauling road, etc.) to produce over one million tons of gypsum and limestone during the first year and over two million tons during the second year of operation. \n This would quickly generate cash flows with relatively low investment capital (US$ 2 million - US$ 5 million). Projected revenues for each of these years would be $39,777,231 and $83,532,185 with profits of $5,726,268 and $12,585,306 respectively. Investment in products from limestone with higher retail value such as Hydrated Lime, Precipitated Calcium Carbonate (PCC) and Nano Precipitated Calcium Carbonate (NPCC), in Phase 1B, would require much higher (US$ 35 - US$ 40 million) investment capital. This Phase 1B will be developed in conjunction with the gypsum and limestone mine.\n For the joint operation gold mining, PT. Raksasa Metal Agung expects to start with a small-scale test run that will conservatively produce 25 kilograms of gold during the first year and 50 kilograms of gold the second year, yielding revenues of $873,600 and $1,747,200 and profits of $436,800 and $873,600 for each year, respectively. Beginning the third year, the company can quadruple the production at the current location and take on additional allotments for large-s...