Last Known Share Structure from TA July 22nd 2015:
Authorized: 500,000,000
Issued & Outstanding: 376,597,994
Restricted: 132,534,002
FLOAT = 244 MILLION
CGrowth Capital, Inc. Announces Preliminary Net Valuations on Dolomite Reserve
Independent Third Party Reports Robust Market Valuation in Excess of 2 Billion Dollars
SILVERDALE, WA (PRWEB) July 28, 2015
CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce preliminary results and net valuations on its magnesium dolomite reserve. Taking into account the physical characteristics of the site, water tables, and anticipated mining expenses, the immediate probable mineral reserve has been set at 63% of the initial survey reserve of 505m cubic yards – which calculates out at 420m tons of material – significantly exceeding initial expectations. The estimated economic benefit from the site, after accounting for royalty, reclamation, and loss, has been estimated at a net value of approximately $2.7 billion.
“As anticipated, this is further proof that we have acquired a very special site with a versatile material that will open up a tremendous amount of opportunity for us,” stated Bill Wright, CEO of CGrowth Capital, Inc. “The amount of material that can be extracted presents us with a generational project and opportunities that we did not previously have. Identifying the larger bulk sales channels and securing proper asset-backed financing are our next two hurdles. While there is a great deal of work to be done, we have made a very positive step forward towards our next goals,” he continued.
As a base material, Magnesium Dolomite has a variety of uses and applications in a broad range of industries from horticulture to construction to pharmaceuticals and healthcare. Expansive market growth in construction and healthcare in particular, may help drive the market value of the reserve, while potentially expediting its commercialization.
Wright concluded, “We have spent the last few years identifying and acquiring assets that would provide us with a broad base and large upside potential. Now is the time for us to shift gears and move from strategy to execution as we begin to monetize these assets. We have all of the pieces in place and we are ready to aggressively go to market and realize unprecedented value for our shareholders”.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. is an alternative asset management company focused on businesses and assets operating in all aspects of mining, minerals, exploration, and commercial real estate. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar markets, which represent opportunities through processing, direct or indirect sales, contracting and licensing of assets. CGrowth Capital’s services and solutions are designed to assist landowners in monetizing often undervalued assets by bringing commodities such as gold, silver, oil and gas, dolomite, and terrazzo to market through a variety of operating models.
For more information on CGrowth Capital or Dolomite visit: http://www.CGrowthCapital.com
Which third independent party did the report?
As stated in the PR below:
N.L. Olson And Associates, a multi-disciplinary engineering, land surveying and planning firm with over 40 years of experience
http://nlolson.com/
https://www.accesswire.com/430401/CGrowth-Capital-Inc-Updates-Shareholders-on-Dolomite-Survey
HERE IS A SNAPSHOT OF THE SURVEY:
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