(SAG) JV-EQUITY BASED ASSETS
SWISS ASSETS TRUST IN-GROUND ASSET REQUIREMENTS
Items needed for JV
- Reserve statement signed by a qualified geologist
- Details of the proposed drilling program to upgrade the reserve classification to proven and probable status if applicable
- Detailed mine plan, signed by a qualified mining engineer
- An assessment of the environmental impact of the proposed operations
- Detailed processing plan signed off by an engineer/metallurgist specializing in the appropriate mineral
- A detailed marketing plan supported by either sufficient market research for agreements with agents/off-take agreements with clients
- Details of the management team, including CVs indicating the qualifications of the individuals involved
- A detailed financial model reflecting the mine, processing and marketing plan on a monthly basis for the first three years of operations and annual cash flow for the life of the operations, inclusive of:
- Major economic assumptions
- Price assumptions
- identification of major cost drivers
- Environmental liability provision
- Tax calculations, including Secondary Tax on Companies
- Working capital movements
- Financing assumptions
- Strategic plan of the company, including a proposed exit strategy for the Fund and future fund raising ideas
- Details regarding the corporate structure of the company