Scalada Holdings, Ltd. and Gold Links, LLC. have agreed the to terms of an agreement that will enable Scalada to purchase majority of gold produced by upcoming Nevada gold site.
Online PR News – 25-February-2014 – Singapore – Singapore-based Scalada Holdings, Ltd. is pleased to announce that the company has signed an agreement with Gold Links, LLC. (GLL) to purchase up to 100 ounces of gold per week from GLL’s upcoming gold processing systems in Nevada, USA.
According to the terms of the agreement, Scalada Holdings will pay 82% of the world spot price for the gold, which will be in Dore form, and will hold the sole option for right of first refusal to purchase up to 70% of the total production of the entire first GLL project when it reaches full production. It is estimated that this project will produce in excess of 5,000 ounces per month within 8 months.
GLL recently opened a 40-acre site, complete with on-site processing structures and state-of-the-art equipment where small scale processing and testing is already taking place on a daily basis.
Scalada Holdings is presently in search of additional raw material sources within trucking distance of this first operation for easy expansion.
According to Scalada Holdings, it will cost less than 8% for refining and other related costs. If the price of gold stays at $1,000 per ounce, this project is set to gross $100,000 per week, with Scalada Holdings netting 10% ($10,000) for each week, and once full production commences, 70% of 5,000 ounces per month is 3,500 ounces, which would be $3,500,000 gross to Scalada Holdings, netting $350,000.
Scalada Holdings is currently in negotiations to secure similar rights for the platinum, platinum group metals, and rare earth metals which are produced in this same operation.
Further negotiations, that will enable Scalada to purchase the black sands concentrates and base metals with the intention of reselling to Asian buyers, are also underway.