Plateau Mineral Release Initial Revenue Estimates of $36,000,000 Gross Profit per Annum on Shipping and Refining Contracts
16 Febbraio 2011 - 4:42PM
Marketwired
Plateau Mineral Development, Inc ("Plateau Metals") (PINKSHEETS:
PMDP) released today its revenue projection and estimates on its
purchase, shipping, refining, and resale contracts.
Approximately 1,000kg of unrefined gold-dust will be purchased
per month and shipped to the Company's refinery partners in the
USA. The final pure-gold product will then be shipped to its
purchaser.
The Company estimates and projects a gross profit of
approximately $3,000,000 per month. The Company bases this figure
on purchase price, current gold price, and expected continuing
availability of the unrefined gold-dust. The Company believes both
current supply, demand, and pricing to remain in place over the
next year.
The Company has secured end-to-end purchase, shipping, refining,
and sales contracts for gold dust and resale as bullion. The
origination purchase and shipping is fully underwritten by the
Company's financial partners for $20,000,000 of financial
guarantee. The Company believes this surety amount sufficient to
fully underwrite all origination purchases and shipping.
Final shipping and delivery of bullion is to be underwritten and
insured by the Company's incoming insurance subsidiary, BEEMA.
About Plateau
Plateau Metals provides precious metal shipping, access to
production, transaction underwriting, and related services. Plateau
operates across the world through its agents and offers service to
multiple jurisdictions. Plateau offers complete solutions to buyers
and sellers of precious metals that include storage, shipping, and
transaction underwriting and arbitrage.
Plateau also acquires, develops, integrates and operates
strategically aligned precious metal assets in worldwide markets
where expansion is planned through additional investments to
support organic growth; thereby providing significant revenue, and
equity growth.
The company's operations are distributed across multiple
international time zones with executives and agents located in
client-appropriate locales. The company's website is
www.plateaumetals.com .
Safe Harbor Statement:
This information includes certain "forward-looking statements."
The forward-looking statements reflect the beliefs, expectations,
objectives and goals of the Company management with respect to
future events and financial performance. They are based on
assumptions and estimates, which are believed reasonable at the
time such statements are made. However, actual results could differ
materially from anticipated results. Important factors that may
impact actual results include but are not limited to commodity
prices, political developments, legal decisions, market and
economic conditions, industry competition, the weather, changes in
financial markets and changing legislation and regulations. Matters
discussed in this press release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include
but are not limited to risks and uncertainties associated with the
impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently;
and other factors detailed in reports filed by the Company.
Forward-looking statements are intended to qualify for the safe
harbor provisions of Section 21E of the Securities and Exchange Act
of 1934, as amended.
CONTACT: Plateau Metals Investor Relations New York:
1.917.463.3364 London: +(44) (0)20 337 17122 Fax: +(44) (0)208 338
0655 info@plateaumetals.com
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