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ORET Token

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One of the first cryptocurrencies backed by a Gold Mining Company. Paraguay Mineral Mining SA(PMMSA) has created the ORET Token to raise the funds for the acquisition of the Land, Concessions and Machines for extraction and recovery of Gold. ORET Token is one option to invest and share the profits of a Gold Mining Company. Thanks to the Blockchain technology, all ORET Token holders receive their weekly profits in Ethereum. Our company will pay Token Holders 45% of its Weekly Net Profits.

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Overview

Project industryMining
Product typeAsset
FoundedParaguay

What is ORET Token

The idea of creating this project emerged in October of 2017. After the idea, we created the company Paraguay Mineral Mining S.A. and the corresponding studies were carried out to analyze the profitability of the land we intend to acquire, with the help of our experts in the area. The land is highly profitable but the problem is the way local workers perform. THE PROBLEM The locals in the gold rich area of Paso Yobai negotiated a deal with the company Latin American Minerals Inc. negotiated a hand over of 83.36 hectares that they have the mining rights to. This hand over included 850 meters (2788 feet) of the Paso Yobai gold trend that is defined by an 8,000-meter-long by 300-meter-wide (26246 feet x 984 feet) gold soil anomaly. The 850 meters by 300-meter area contains an average of 7.5 g/t of gold. The locals formed the, Asociación de Pequeños Mineros (Small Miners Association). The problem was that they had little to no experience in mining. Using makeshift Gold Recovery Plants, they only recovered about 30% of the gold. Around 70% of the gold ended up in their Tailings, but this Open Pit Mining was still economically viable to a depth of about 15 meters. As the Pit got deeper the costs of mining rose to a point that it was no longer profitable, so the land owners started to rent out (lease) the land to entrepreneurs. Some of the entrepreneurs brought in better Gold Recovery Plants and did well up to a depth of about 40 meters, but they too were losing, in some cases, up to 50% of the gold in Tailings. Their main problem was that most did not have people with gold recovery experience or mining experience or that they invested in the wrong types of Gold Recovery Systems for this area. Another big problem is that none of the mining operations did any forward planning for the roads inside the Pit. They made makeshift cranes with buckets to hoist out only the ore that contained a high concentration of gold. The rest of the ore was removed by excavator in a step by step manner. In many cases a very costly 8 to 9 step process. All this ore was discarded and not processed. All of the above problems lead to the closure of many of these companies and now there are many gold rich areas up for sale. SOLUTION We put together a great Team and formed a company, Paraguay Mineral Mining SA - (PMMSA). The team, among others, includes 2 people that have the knowledge needed to extract and recover the gold. Our CEO, Nicolaas Spangenberg, a South African, is a Gold Mine Manager with more than 8 years of experience. Juan Villalba is specialized in the extraction and chemical recover of gold with 9 years of experience. We also have all the geological surveys and core drilling analysis of the land we want to acquire, and it shows that the area that we want to exploit is rich in gold. Also, our pilot plant and sampling has proven that the land is rich in gold. THREE PROJECT VERSIONS. We have three versions (sizes) for this project, depending on how much capital is raised with the ICO. Our goal is to raise between $2,500,000 USD and $6,000,000 USD with $6,000,000 as the target. $6,000,000 USD will enable us to buy 43 hectares on top of the Main Gold Vein from APM (Asociación de Pequeños Mineros). Each of the three projects is divided into two Areas.

  • Area 1 is the Excavated Earth and Alluvial gold. Processing of this gold will start as soon as we acquire the land.
  • Area 2 is the Main Vein. Tunneling of the Main Vein will start 3 months after the ICO has ended. Project Versions 1 - 2 - 3. Very important. Please note that the Tunneling-ounce-total has only been calculated to a depth of 150 meters, because this is the maximum Diamond Core Drill depth we have. We believe the gold trend continues much deeper due to the fact that at 150 meters we got the best g/t (gram per tonne) results. Therefore, this project will have greater potential than stated below.
  • Project One, $6,000,000 USD, 43 hectares with a calculated Open Pit gold deposit of 42,597 ounces plus 276,505 ounces in Tunneling, Totaling 319,102 ounces.
  • Project Two, $4,000,000 USD 24 hectares with a calculated Open Pit gold deposit of 28,398 ounces plus 184,336 ounces in Tunneling, Totaling 212,734 ounces.
  • Project Three, $2,500,000 USD 10 hectares with a calculated Open Pit gold deposit of 14,199 ounces plus 92,168 ounces in Tunneling, Totaling 106,367 ounces.
  • Details

    Public sales: Nov 01, 2018 - Dec 01, 2018
    Token supply: 12,500,000 ORET
    Total tokens for sale: 12,500,000 ORET
    Hard cap: 6,000,000 USD

    Legal

    Blockchain Platform: Ethereum
    Country limitations: China, USA
    Registration country: Paraguay
    Registration year: 2018
    Office address: Barrio Cerrado Las Palmeras. Office Nº 3. Ruta 7. Km 175 Caaguazu. Paraguay. South America.

    Token info

    Ticker: ORET
    Type: Cryptocurrency
    Token standard: ERC20
    Token price in USD: 1 ORET = 0.50 USD
    Token price in EUR: 1 ORET = 0,44 EUR
    Token price in BTC: 1 ORET = 0,000078 BTC
    Token price in ETH: 1 ORET = 0,0025 ETH
    Accepted currencies: ETH
    Token distribution:
    96% - ICO
    4% - Airdrop
    Funds allocation:
    90% - Invested into PMMSA
    10%- Contingency Fund

    ORET Token Roadmap

    1
    October 2017

    IDEA

    2
    November 2017

    COMPANY FORMATION

    3
    February 2018

    EVALUATION OF LAND PROFIABILITY.

    4
    March 2018

    ORET TOKEN PROYECT BEGINS:
    - ROAD MAP.
    - TOKEN DISTRIBUTION.
    - WHITEPAPER.

    5
    September 2018

    PROMOTION FOR AIRDROP.
    AIRDROP.

    6
    November 2018

    ORET TOKEN ICO.

    7
    December 2018

    ORET TOKEN ICO END.
    - ANOUNCEMENT OF INTRODUCTION TO EXCHANGES.

    8
    January 2019

    MAIN ACTIVITIES BEGIN:
    - ACQUISITION OF LAND AND MACHINERY FOR THE MAIN EXTRACTION PLANT.
    - START OF PRODUCTION WITH THE PILOT PLANT.
    (the land to be purchased already includes some trucks and a primary extraction plant that is ready to run.)

    9
    February 2018

    FIRST PROFITS SENT TO THE INVESTORS WILL BE FROM THE PRIMARY EXTRACTION PLANT.

    10
    April 2019

    ARRIVAL AND INSTALATION OF THE MAIN EXTRACTION PLANT

    11
    May 2019

    LAUNCH OF THE EXCLUSIVE DASHBOARD.
    PRESENTATION OF THE MAIN EXTRACTION PLANT.
    THE MAIN EXTRACTION PLANT IS PUN IN OPERATION.

    12
    July 2019

    START OF PROFIT DISTRIBUTION FROM THE MAIN EXTRACTION PLANT.

    13
    August 2019

    STUDY AND TECHNICAL EVALUATION FOR THE EXPANSION OF THE COMPANY.
    ACQUISITION OF MORE HECTARES NEAR THE MINE TO INCREASE THE PRODUCTION OF THE COMPANY.
    EXPLORATION OF NEW AREAS RICH IN PRECIOUS MINERALS.
    STUDY THE VIABILITY FOR EXPANSION TO NEW AREAS IN THE COUNTRY.

    Project team

    Nicolaas Spangenberg
    Nicolaas Spangenberg
    Chief Executive Officer
    Nicolaas Spangenberg linkedin
    Hugo Dominguez
    Hugo Dominguez
    Chief Operating Officer
    Hugo Dominguez linkedin
    Gricelda Arevalos
    Gricelda Arevalos
    Chief Financial Officer
    Gricelda Arevalos linkedin
    Antonio Caballero
    Antonio Caballero
    Chief Marketing Officer
    Antonio Caballero linkedin
    Juan Zorrilla
    Juan Zorrilla
    PR manager
    Juan Zorrilla linkedin
    Cristian Villalba
    Cristian Villalba
    Designer
    Cristian Villalba linkedin
    Alexis Carballo
    Alexis Carballo
    Full-Stack Web Developer
    Alexis Carballo linkedin
    Julian Gonzalez
    Julian Gonzalez
    Logistics Manager
    Julian Gonzalez linkedin
    Nicolas Mercado
    Nicolas Mercado
    Marketing and RP Manager
    Nicolas Mercado linkedin

    Advisors

    Juan Villalba
    Juan Villalba
    Technical Advisor

    Social media

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    User rating:

    5/5 ( 1 )
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