TrendTrade, can you tell me your thoughts on $1?
From what I understand just one ton of E-waste will yield approximately 1000 grams of gold, with a value, subject to gold price, of $38,500. When you compare with ore mining, when you go through a ton of mining ore you can get only 10 grams of $400.
From their presentation from 1 million recycled cell phones can yield up to 75 pounds of gold, or 34,000 grams, or $1.3 Million before costs from operation.
Anyway my question is how will they monetize this technology and how can they reach dollar land?
From their presentation they mention various was to generate revenue:
"Multiple revenue streams are associated with these proprietary custom extraction solutions."
1) Potential for Joint Ventures from junior to Fortune 500 companies.
2) Mineworx will hold a license in perpetuity to EnviroLeach’s patent-pending, non-cyanide gold leaching process.
3) Mineworx will be the exclusive technology/systems integrator for the continued design, development and installation of all EnviroLeach (X-Leach) process production plants.?Mineworx’s proprietary, cyanide free extraction solution has the potential to become the industry standard in both the mining and e-waste industries.
Current market cap is sitting at $49.8 Million wth 276 million shares.
So, could you let me know more details on your projections toward $1? That would place market cap at $276million. Thank you in advanced and happy thanksgiving to you guys!
