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.
IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.
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.
DetailsPublic 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
LegalBlockchain 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 infoTicker: ORET
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
96% - ICO
4% - Airdrop
90% - Invested into PMMSA
10%- Contingency Fund
ORET Token Roadmap
EVALUATION OF LAND PROFIABILITY.
ORET TOKEN PROYECT BEGINS:
- ROAD MAP.
- TOKEN DISTRIBUTION.
PROMOTION FOR AIRDROP.
ORET TOKEN ICO.
ORET TOKEN ICO END.
- ANOUNCEMENT OF INTRODUCTION TO EXCHANGES.
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.)
FIRST PROFITS SENT TO THE INVESTORS WILL BE FROM THE PRIMARY EXTRACTION PLANT.
ARRIVAL AND INSTALATION OF THE MAIN EXTRACTION PLANT
LAUNCH OF THE EXCLUSIVE DASHBOARD.
PRESENTATION OF THE MAIN EXTRACTION PLANT.
THE MAIN EXTRACTION PLANT IS PUN IN OPERATION.
START OF PROFIT DISTRIBUTION FROM THE MAIN EXTRACTION PLANT.
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.