The alluvial mine is located in South Africa. The mine was set to go in production in 2004, when the permit was obtained, but lacked the capital resources necessary to start production. A recovery barge is half way built, capable of extracting 100-150 tons of gravel per day. Approximately 37 carats will be recovered for every 100 tons of gravel processed. There are several mining areas and one area has a resource estimate of 12,000 carats. Geologist reports are available. The entire mining area covers 6.7 kilometers. Additional capital of about $250,000 USD will be needed for equipment purchases. The Seller will work and run the mine for the buyer for at least 6 months after the acquisition.
Asking $8,000,000 USD or best offer.
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