Angelique DeMaison
“Going back to my property roots and looking forward to something I'd be interested in staying with for a longer term, I chose a mining investment in Chile. I entered into the investment with the typical 10-year horizon. Three years into it, I had invested $8,M into Chile,” said Ms. de Maison.
The initial investment into Chile was in a company called Casablanca Mining. Casablanca mining owned a broad portfolio of mining assets including gold, copper and copper sulfate. Angelique later completed a transaction with the CEO & co-founder of the company to exchange her Casablanca stock for all of his shares in Lustros, Inc., the new company that currently holds all the copper assets. Angelique stated, “I liked the copper side because although the price of gold was very high at the time, I felt we could capitalize on the very interesting play into the global agricultural & animal farming and feed industries with the specialty chemical, Food Grade Copper Sulfate.” Copper Sulfate is dubbed as “the farmer’s best friend.” Angelique was proud to say that “one-third of my intended time into this investment and I am very proud that the value of company's assets are in excess of $35 million on a replacement basis and $125 million on a discounted cash flow basis.
Lustros, Inc. has completed the production facility with the capacity of 15,000 tons per month as opposed to the original goal of 5,000 tons per month. The copper sulfate processing plant is located in Puerto Oscuro, Chile on their wholly owned 2,000 acres of recently industrially zoned land. The plant will be running at full capacity by Q2 2014, at which point management is projecting a $1 million per month profit.
