Tuesday, July 09, 2013 9:18:39 AM
President's Announcement
2nd July 2013
Dear Member,
Further to my letter dated 10th June, I am delighted to announce that within a few days Midas I will be in a position to start production. Memberships to the Project are now closed and you should only expect dividends from today provided that we meet our predicted production targets. Certificates will be issued very shortly once the final cheque has cleared.
Essential works to allow the beginning of production are now complete and we are waiting for delivery of two Mine Carts to carry the excavated ore from the face to the tipping chute.
I am going to Ecuador on the 10th July 2013 and will be able to give you an onsite report as to progress. I intend to set up a permanent base on or near the Mine to supervise daily production.
I have previously mentioned the opportunity to acquire title to 5 hectares of land from its current owners for the budget price of U$50,000 and we have named this project "Muluncay Land Purchase"
Full details of the Muluncay Land Purchase Project are enclosed, and I’m sure you will agree that that figures are very exciting. For only the very small sum of £100.00 per land unit existing Members of Midas I can be part of the Muluncay Land Purchase Project which will benefit our existing operation, albeit on a smaller but very profitable scale. Remember that 20% of the net profits from this every subsequent project are payable to Fyfield Minera S.A. for the benefit of you, the Founder Members.
Timing is, however, vital in completing the land purchase at this price, we only have a small window of opportunity, we do not want the land we lease falling into the hands of a third party and I highly recommend that you spend a few minutes reading about this fantastic bonus opportunity in the enclosed document and should you wish to join, just complete the form and return to us with your payment.
I have also mentioned a second shaft which is available just below Midas I and we have negotiated the purchase of this abandoned shaft and concession which will run as a separate project named Midas II. It will dovetail into our existing operation perfectly, and will generate revenue for both Founder Members and partners in the Muluncay Land Purchase project. Further details of the Terms and Conditions for that project will be available shortly.
I will be in touch again very soon - please keep an eye on the website where you will get some live reports from me actually onsite at Midas I – our mine!
Best wishes and many thanks for your continuing support
Willy White
PRESIDENT
My opinion only.
Buy or sell on your own decision.
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