Profitable Gold Mine for Sale: for Bitcoin

Journalist:
June 8, 2014
Yukon Gold Mine for Sale

Bit Premier, The Bitcoin Luxury Marketplace, has a profitable Gold Mine advertised for sale. The Gold mine is situated in Dawson City, Yukon., Canada and the price asked is 3,079.292 BTC. This is the first offering of its kind on the Bitcoin market and is a genuine opportunity for someone. The Mine comes complete with 1 Million dollars worth of mining equipment and sales of over 1 Million Dollars per annum.

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[dropcap size=small]T[/dropcap]he advertisement states:

The very first offering of its kind on the Bitcoin market; a proven, profitable gold mine located in the heart of Dawson City, Yukon, Canada. Home to television programs such as History Channel’s Yukon Gold and National Geographic’s Yukon Gold, Dawson City has a long, rich and vibrant history as a proven Gold producing region.
This sale is for the parent company that owns and operates the mine, including all assets. The company was founded in 1986, the President and CEO of the company has been in the mining sector for 35 years. A well respected, fully compliant and profitable company, any new buyer could recoup their initial investment in as little as two mining seasons.

Company overview, included in the sale:

– $1 million worth of equipment
– $1 million per year in sales
– The company owns one mining property and a lease agreement on another property
– President and CEO has 35 years of mining knowledge in the Dawson City district
– Potential to produce 3,000 – 4,000 ounces per year
– Current owner is willing to stay on in a management and advisory capacity for a period of up to five years
– Full financial statements, tax returns, profit/loss, balance sheets, etc. available for due diligence
– Recent geological reports available.

The sale of a working Gold Mine is a huge development as it gives yet another example of Bitcoin, the currency of choice, in the purchase of real property. If someone has substantial bitcoins from the early days of the currency and has dreams of following the seasonal life of a prospector, this could prove to be an opportunity. However, it is important to find out why the original owners are selling the mine. This has the potential to be the biggest purchase ever, previously a holiday villa in Bali sold at over half a million dollars in BTC.

The sale price in fiat is quoted as $2 Million, and it is not stated if this is Canadian or US dollars. If we value a bitcoin at $650, then the BTC price equates to just over $2 Million US so we can assume that this is the price. It is reassuring that the sellers have not, unlike some, included a margin to cover for potential volatility.

The seller has indicated that he will, if requested, stay on the site for up to two years to ensure there is a level of continuance in the operating knowledge. The mine is stated to have an operating potential of 1,000 to 2,000 ounces of gold per season.

Full disclosure of documentation is available upon request to any serious buyers.

There might even be a possibility of an appearance on one of the many documentaries as gold fever seems to affect many people from their own sitting rooms.

PJ Delaney @P.J. Delaney@delboyir

Masters in Public Administration, Bachelors in Mgt., I live in Ireland, I have a bit of a background in Economics and lots of opinions on everything else.