Last August 8, 2015, I cris-crossed Agos River at 3 River Crossings to check on a proposed 250MWe Dam Site. Agos River originates from multiple River Tributaries of the Sierra Madre Mountain Range exiting eastward to the Pacific Coastal Towns of General Nakar & of Infanta, Quezon Province, Luzon Island, Philippines. Given the catastrophic flooding, causing great loss of Lives & Properties, of these coastal towns, some ten years ago, I consider a series of Run-of-River Power Station as a more appropriate alternative to high-risk Dam Structures.
On this trip, I came to meet an "Old Miner" who claims, as a Christian Lay Missionary, in his younger days, he would frequently hike up & down the mountains of Gen Nakar to spread the "Good News" among the Indigenous People - Natives of the area. In so doing, he came to know of places (in far-flung mountain Barangays of Gen Nakar) with ample Mineral Deposits of Copper Ore, of Manganese, etc. To establish "1st Claim", he submitted, with the Philippine DENR, the required "Exploration Permit Application" (EPA) covering a Mining Area of 500 hectares. Short-of-Money, he paid-out P100,000.00 - as Partial Payment of the EPA's Total Cost of P1.5 million. Meanwhile, he claims to hold "Small Mining Claims" (5-10 hectares each in the names of his relatives) from where he extracts small quantities of Copper Ore for sale to Copper Ore Traders picking up the goods - on a "Test-Buy" basis.
This "Old Miner" has asked me to co-venture with him - purposely to supply "Big Orders" of 3rd-party assayed Copper Ore valued at U$650/ton - ex Infanta Warehouse. Would anyone co-venture with me - perhaps, with a Seed Capital of P5 million?