"Song & Dance" sound familiar? https://www.ben

"Song & Dance" sound familiar?

https://www.benzinga.com/pressreleases/21/09/...ro-can-do-

Nice article
September 15, 2021

Company Name: MELDPRO
Contact Person: Nicholas Campanella, CEO
Email: Send Email
Phone: 888-356-1395
Country: United States
Website: www.meldpro.com

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The MELDPRO business model generates recurring long-term revenue streams from processing iron ore tailings that have been identified in sufficient quality and quantity utilizing proprietary and unique processes.

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a team of experienced financial, management, and technical professionals have formed MELDPRO and they are now ready to launch a precious metal refining and processing facility utilizing proprietary processes

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MELDPRO facility will process up to 20 tons of iron ore tailings per month in a 66,000 square foot facility located Sanford, N.C .

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- Plant will Process up to 20 Tons of Tailings Per Month in North Carolina.

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- Revenue Projected to Increase from $2.4 Million in Year One to $11.5 Million in Year Three of Operation.

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Net income is projected to increase from $0.19m in year one to $5.9m in year three [/b] of operation

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MELDPRO has identified several iron ore tailing piles in the United States which are concentrated mining residuals called “gangue” that are readily available and easy to transport and process

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Revenue is projected to start in the 2nd month of operation utilizing a ramp up of production from 0.5 tons per month with smaller production batches and equipment that can be put into place in month one and ramped up to 20 tons per month by month 14 with larger capacity equipment coming online in Month 10 upon its build and delivery.

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Financing Sought

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$3 million, 5-year, secured and collateralized debt against equipment and A/R up to Debt Balance, with a 20% semi-annual interest coupon. Funds to be used for purchase of equipment, preparation of facility , and working capital.

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It is estimated that there are 7 potential clients within the business defined trading area that are estimated to spend 10 billion US dollars annually or more.

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Hope that works out well. Maybe get a deal done with Foxess to extract lithium?

in my humble opinion

cheers

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