Investment Information
After having such a successful turquoise mine tour and classes in September and coming home
with a thousand dollars or more of turquoise after cutting it, I decided to put
together a group of people to take advantage of an investment deal from the
Tonopah Turquoise Mine company. Royston turquoise is some of the hardest natural
turquoise being mined today, and depending on where they are mining, they have
many claims in the Royston district, the turquoise runs from a beautiful light
blue, dark royal blue is being mined right now, and the vary sought after dark
green and blue in the same stones. There can be some spider web stones too. All of the turquoise from the Royston mines sales from $1.00 to $4.00 per carat after being cut and polished. Which makes the average cabochons selling for $40 to $100.00 and for larger stones up to $200 and $300.00. The mine has an investment deal which is $5,000.00 per
week (5 days) of mining. The investor receives 80% and the mine keeps 20% by
weight. I purchased 2 weeks for $10,000.00 and now I am offering shares these
two weeks to 10 people.
I have finished the first of these investment groups and have divided the 1,000 stones amongst the investors. You can view the 1,000 stones that I cut and polished then divided for each group on my web site learnsilver.com and then follow the "Turquoise" links. I think you will be impressed by the size, quality and variety that each person received for their investment. However, these 100 stones my end up costing each investor nothing. I will be cutting and selling another 1,000 stones to recoup our investment.
Now I am putting together another investment group of 10 people. Please read the information below for the details. As of now I only have 4 spots left in this second offering. I do have one more interested party, but have not received their payment.
After two weeks of mining, the mine and myself will weight out all the turquoise
that was mined during these two weeks. It will be sorted by quality and then
divided up by weight. We will receive 80% of the turquoise. Then I will be
staying in Tonopah for two or three weeks and slab all of our turquoise. After
slabbing every stone will be backed. This protects the stone while cutting, setting and in the
jewelry. This is a widely accepted practice, and the Ottenson's believe that
every stone should be backed. I will cut enough stones for each person to get 100 stones.
Each person will get the same size and same number of stones of each of the colors. After 1000 stones are cut I will divide it up into 10 equal shares. I will divide up the stones in groups, sorted by variety, then quality, then finally by size. Then each one of these categories will be divided into 10 groups. This way each person will get their fair share of each variety and color, and quality.
Then I will go back to all the rest of the slabs, back them all. Trim them to
remove waste, and backing. We will cut another 1,000 stones.
I will put 10 to 20 stones for sale each week. These funds will be divided
equally among the 10 members each month and be very easy to track by watch the
sells. Each month each member will get monthly report and check. My goal is to
return all of our investment by these sales by Christmas this year. This stuff
is just that good. I am staking my reputation on it.
The investment is $2,500.00 per share. This covers the mine, plus the extra I am
paying them to use their slab saw for two weeks.
As I like to say, anyway, for $2,500.00 each member will receive:
10% of our 80% of the two weeks of mining.
Out of this 10% we will each receive 100 cut stones ready to sell or set in our
jewelry.
Another 1,000 stones will be sold on the web so that we can recoup our
investment, maybe even make a profit.
By the way the Mine Company has several people that do this weekly investment
deal once or twice a year. One of them just puts all the turquoise they get into
a vault for the future, when turquoise is no longer mined due to shortages of
material, and mining laws.
