Project Darwin Video
Company Information
Project Darwin, llc.
PO Box 29
4901 Darwin Mine Rd.
Darwin, CA 93522
Jack E. Stone
Phone:
(775)482-2015
Cell:
(775) 772-0446
On-Site:
(760)876-8056
On-Site 2nd:
(760)876-8024
Fax:
(775)482-2018
Email Addresses:
Jack Stone:
Zincmine@wildblue.net
Linda and/or Jack Stone
Nevmachine@frontiernet.net
Webmaster: Krystle Stone
Stonegirlnv@gmail.com
Project Darwin Investment Summary
The Business
The Darwin Mine is considered to be one of the richest base metal mines in the United States with the lowest production costs per metal at 20% of world metal market prices and with 15 million tons of probable and ready to mine ore reserves including Lead, Zinc, Copper, Gold, Silver, Cobalt, Tellurium, Bismuth and Tungsten. The current ore reserves represent only a small fraction of the mine, with claims over more than 1050 acres. The mine will be developed as a green (underground) operation to virtually eliminate environmental and human impact to water or other ecological systems.
Products
Lead, Zinc, Copper, Gold, Silver, Cobalt, Tellurium, Bismuth and Tungsten, which are commodities in high demand on a worldwide basis.
Vision/Mission
Fully develop the mineral assets of one of the richest base metal mineral deposits in the US in an environmentally green manner that does not impact human, land, air or water resources. The Darwin Mine can and will become the benchmark Domestic US Producer of High Grade Base Metals using low cost, high-grade selective mining while generating local jobs and profits for our company.
Management Team
Jack Stone is President, CEO and owner of the Darwin Mine. Mr. Stone has owned and operated a construction business since 1982 specializing in large mills, construction and relocations and gold placer plants including construction for the U.S. Military. He has worked for a majority of the mines in the state of Nevada completing over $75 million in sales, construction and demolition. Mr. Stone is both a qualified hands-on manager and an underground certified MSHA (Mine Safety and Health Administration) instructor. He consulted at the Darwin mine when previously owned by both major mining companies (Anaconda and Blue Range) and ultimately purchased the mine in 1996 after base metals prices were depressed due to China. Mr. Stone has extensive mining experience with base metal underground hard rock mines.
Earl Harrison – Mine Foreman
Michael R. Garverich, P.E. – Senior Geologist
Bob Wickedon, P.E. – Senior Mining Engineer
Dan Kappes –Metallurgical engineering
Richard Harris - Harris & Thompson (Legal Counsel)
Market Analysis
The worldwide demand for commodity base metals is expected to rise over the foreseeable future for a number of reasons: worldwide stocks are low; major mining companies around the world leveraged past investment on debt which must be paid off resulting in reduced output in the next 3-4 years; economic stimulus packages by governments around the world to invest in country infrastructure will drive up prices for base metals. Demand for metals such as Tellurium will increase as a major component of Photovoltaics (PV); gold and silver will rise over time as governments print more money and the world wide debt burden escalates.
Marketing Plan
Mine shut down in 1970s due to low metal prices when China dumped metals on the US market at prices lower than US production prices. Commodity and precious metals have been on an upward trend for years and are predicted to accelerate due to world economic conditions and recovery.
Several companies representing a number of countries around the world including numerous contingents from China, Korea, Germany and New Zealand have completed due diligence with several repeat trips to validate and sample all assays and ore reserves. Letters of Intent to purchase concentrates or dore metal (with the intent of issuing irrevocable Letters of Credit to buy concentrates/dore) have been received from four separate Chinese refiners and from First Solar in New Zealand.
Project Success Drivers
· Proven Base and Precious Metal Ore Reserves
· $55M in hard and soft asset value invested to date
· International Interest in Processed Ores
· Strategic Minerals Deposits
· Bedded Tungsten Ore
· Water Rights secured and Low-Cost Power available
· Sustainable Well-Paying Jobs
· Multiplier impact=millions $$ locally
· Very low ‘waste material’ to ore ratio/low mining costs
· Excellent management & eng. Skills
· California Conditional Use Permit to mine from day one
· Conservative estimates – does not include direct ship ore which has historically been 40% of past production
Five Year Financial Performance Forecast (us dollars)
Year One Year Two Year Three Year Four Year Five
Gross Revenues $1.8M $57.9 M $84.6 M $84.6M $84.6M
Cost of Sales
(Direct and indirect) $9.6M $23.1M $28.5M $28.5M $28.5M
Net Per-Tax Profit ($7.8M) $34.8M $56.1M $56.1M $56.1M
Estimated time to production start-up is 9 months from Receipt of Funding
Investment Requirement and Use of Proceeds
Darwin Mine start-up expenses $11,996,500
Darwin Mine Equip. Renovation and Acquisition $20,590,500
Millers Mill, Office Bldg and Start-up $11,027,000
Millers Mill Equip. Renovate and Acquisition $19,350,000
Tonopah Offices and Start-up $ 1,670,000
Mine & Mill Op Exp. Prior to Return of Sales $30,896,000
Pre-Production rental expense $ 4,500,000
Total Investment $100,000,000
Draws: Mth. 1 $40MM; Mth. 6 $30 MM; Mth. 12 $30MM.
PROJECT DARWIN LLC.
Contact: Jack E Stone
Phone: (775) 772-0446 – United States
Email: nevmachine@frontiernet.net