These are John's answers to the questions to the questions I had collected. Most of these anwers have been posted already.
Question: What about the increase in A/S shares to 2 Billion?
Answer: I am not an officer of the company and have no information about that. I am a consultant working on the Carbon Credits Projects and procuring equipment for the mining operations. You will have to contact Doug regarding share structure and anything regarding the internal operations of the company.
Question: Can you give us an update on the Carbon Credits Projects?
Answer: They are ongoing and being shopped. Several interested parties. We think that we have a Japanese investor ready to make a deal soon. Have 4-5 others interested (Chinese, Swiss, Australian, Ireland). Grant Galloway at Green Giant is working on the deal. Besides the CC projects, Carbon Credits can be sold also.
Question: Do you have a time line you can share with us?
Answer: No. Could be tomorrow or in a couple of months. But it looks promising.
Question: How is this setup? Who are our partners and what is the split?
Answer: Green Giant is our partner. The split will be about 50/50.
Question: So, when we talk about 8 figures. Is that after the sharing the revenue and after the costs to plant and maintain the kiri trees.
Answer: Yes. The amount depends on how many years we sell it forward. It can be from 7 to 50 years. But 8 figures is what we are looking at minimum to invest in mining operations.
Question: So are you saying that the company will have 8 figures to buy mining equipment in SL?
Answer: Yes. That is what we are saying.
Question: How is the world Bank involved? Are they a potential investor?
Answer: The World Bank is very political. Slow moving. They are looking at investing in the infrastructure, medical situation, etc in SL. We are not sure what their interest is in Carbon Credits, but will stay in touch with them.
Question: Are the kiri trees available? Where do they come from?
Answer: Yes. We get them from Australia. They are small starters. We plan to plant 4 acres before we have a project sold. We will plant 250 trees per acre. We will thin them out after a year or so, and replant the ones culled out. We will start harvesting timber in 4 years.
Question: How is the sale of CC projects split in the way of revenue?
Answer: 30-40% of revenue will go to plants and equipment. We will still have enough cash to buy all of the mining equipment we need.
Question: Tony Blair has become a big booster of Sierra Leone. Should investors write him and tell him about SGCP and what is going on?
Answer: Yes, if you would do that, it might help us and the country in general. A side note: Warren Buffet has announced that he expects the make millions, if not billions in carbon credits markets. Sierra Leone needs to find a way to get exposure.
Question: How many dredges do we have in SL? Are we getting more?
Answer: There are 2 dredges in country now-1 wet, 1 dry. We are purchasing 2 more within 2 weeks and they should arrive at site in March/April. So we will have 4 dredges working within 3-4 months.
Question: Where is the experienced operator discussed in the FR’s?
Answer: We have one in SL and will have another in 2 weeks. They will be training the locals We have a mining engineer in country to determine the best approach to each site.
Question: How are diamonds sold?
Answer: They are sold through the SL government. They are appraised and taxed. Anything under 3 carats (clear diamonds) are not worth a lot ($200/carat). The colored diamonds in Zimmi (yellow and pink) are worth a lot and that is what SGCP is looking for.
Question: How is gold collected and how do we ensure that there is no skimming by the workers? Who watches for this?
Answer: The locals know that we are feeding and paying the workers. They are watched closely by the tribal officials and any theft would result in very harsh treatment. They know that if they get caught, they would suffer great consequences.
Question: When can we expect revenues from agriculture?
Answer: Next year. We have been using the crops to re-plant new acreage. We have rice, peanuts, sorghum, etc. and are looking at several other crops. We have 2000 acres for crops (will double that next year) and 112,000 acres for CC’s and lots of concessions for mining. We want the locals to become entrepreurial and start selling these crops (canning plants, lumber mills, etc) and will sell the crops in their raw stage.
Question: Do we feed the workers?
Answer: Yes. We give them rice, medicine, jobs, pay, and they supplement this by fishing.
Question: How did this start?
Answer: Doug went to SL right after the war. He started the agriculture phase and built roads, started mining, and provided much needed jobs. He is committed to making life better there. This will pay off down the road. Doug lives a simple life and takes no salary from the company. He wants this company to succeed and is will to sacrifice to make it happen.
Question: Are there others looking to capitalize on the potential in SL?
Answer: Yes. The Chinese are there trying to grab land. The Sierra Leonians don’t trust them.
Question: Why don’t we have more PR’s?
Answer: We issue FR’s for our stockholders. PR’s will be issued when there is a substantial change in the company. This is not a pump and dump. We want to increase the PPS for real reasons, not fluff.
Question: What happened to processing gravel during the rainy season last year?
Answer: It didn’t work out as we expected, We didn’t have the right equipment to do that and we got busy with the CC deals and Doug needed to be back in Canada to support that. Hopefully, we will be able to do that next year.
Question: What type of housing is available for SGCP people?
Answer: In Zimmi we have facilities for 8-10 people, In Bo, we have facilities for 6-8 people. The workers have their own housing.
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