Mine lease in India

PROPOSAL 1
For Mine on lease available at Sandoor/Hospeth, Karnataka fe63.5%
Rs. 10 cr. to be paid to mine owner in advance towards 30% share of the market price of ore minus overhead cost. (refer d)
Ore whatever escavated shall be sold at market price
Minus overhead costs 70% of monies for the contractor and 30% monies for the owner.
Ex.
a. overheads(escavating, labour,etc)INR400 (40%)
b. market price of ore 1000
c. b-a = INR600
d. Owner takes INR180 (30%)
e. Lessee takes INR420 (70%)

The above operations will be conducted by us only.
For us to have a tie-up with any interested party, MOU has to be signed and a bankers cheque (Xerox to be attchd. To MOU)) of INR50 lakhs will have to be opened in our co. as advance of the terms and conditions, towards the compensation agreed between us and which will have to be converted into a non-operative BG which will be operative the day your co. will sign with the mine owner.

PROPOSAL 2
For mine in Goa fe63.5%
MOU to be signed between us
INR100 lakhs. to be paid to us towards for which Bank Guarantee will be issued.
We shall conduct in the next 50 days shipment on FOB Basis at Goa port @INR 2000 WMT

Other details can be discussed in length once the above is agreed upon.

For PROFESSIONAL ASSOCIATES
EDWARD J. A. FERNANDES
Cell: 9326108233
Tel: 0832 3095353
Tel/Fax: 0832 2500009
Email: pa2000@sify.com / edwardgoa@yahoo.com