ORET initial coin offering (ICO)

Gold Mining and Blockchain Technology



Paraguay Mineral Mining S.A. (PMMSA) has created the ORET Token to raise the necessary funds for the acquisition of the Land, Concessions and Machines for extraction and recovery of Gold. ORET Token is one of the first options in the world of cryptocurrencies to invest and share the profits of a Gold Mining Company. Thanks to the Blockchain technology, all ORET Token holders receive their weekly profits in Ethereum.

3.6
8 8 expert ratings
4.6
3.9
3.6
3.3
View rating distribution
Starts in 9 months ago
2018-11-01 - 2018-12-01
Token
ORET
Type
ERC20
Price in ICO
1 ORET = 0.50 USD
Platform
Accepting
Soft cap
2,500,000 USD
Hard cap
6,000,000 USD
Raised
0
Country
ICO start
Nov 1, 2018
ICO end
Dec 1, 2018
More on ICO
Report

About ORET ICO

THE PROBLEM
The locals in the gold rich area of Paso Yobai negotiated a deal with the company Latin American Minerals Inc. negotiated a hand over of 83.36 hectares that they have the mining rights to. This hand over included 850 meters (2788 feet) of the Paso Yobai gold trend that is defined by an 8,000-meter-long by 300-meter-wide (26246 feet x 984 feet) gold soil anomaly. The 850 meters by 300-meter area contains an average of 7.5 g/t of gold. The locals formed the, Asociación de Pequeños Mineros (Small Miners Association). The problem was that they had little to no experience in mining. Using makeshift Gold Recovery Plants, they only recovered about 30% of the gold. Around 70% of the gold ended up in their Tailings, but this Open Pit Mining was still economically viable to a depth of about 15 meters. As the Pit got deeper the costs of mining rose to a point that it was no longer profitable, so the land owners started to rent out (lease) the land to entrepreneurs. Some of the entrepreneurs brought in better Gold Recovery Plants and did well up to a depth of about 40 meters, but they too were losing, in some cases, up to 50% of the gold in Tailings. Their main problem was that most did not have people with gold recovery experience or mining experience or that they invested in the wrong types of Gold Recovery Systems for this area. Another big problem is that none of the mining operations did any forward planning for the roads inside the Pit. They made makeshift cranes with buckets to hoist out only the ore that contained a high concentration of gold. The rest of the ore was removed by excavator in a step by step manner. In many cases a very costly 8 to 9 step process. All this ore was discarded and not processed.
SOLUTION
We put together a great Team and formed a company, Paraguay Mineral Mining SA - (PMMSA). The team, among others, includes 2 people that have the knowledge needed to extract and recover the gold. Our CEO, Nicolaas Spangenberg, a South African, is a Gold Mine Manager with more than 8 years of experience. For more details about our Team Member, please read Board of Directors. Juan Villalba is specialized in the extraction and chemical recover of gold with 9 years of experience. We also have all the geological surveys and core drilling analysis of the land we want to acquire, and it shows that the area that we want to exploit is rich in gold. Also, our pilot plant and sampling has proven that the land is rich in gold.

ORET reviews

Kyon Yoshihara
Direct Marketing Manager,ICO produce
Rated on Sep 20, 2018
5
5
4
8%

There are many problems as actual problems in gold mining. It is an industry that needs transparency in order to circulate through various terms.
The team is rich in experience in this industry and has sufficient qualities for success.
It is well designed for profit and its distribution, and the cautiousness of the roadmap is also a good point.

Clemen Chiang
Ph.D. | CEO | Investor | FinTech in Stocks | Blockchain in Cryptos | Singapore
Rated on Sep 28, 2018
5
4
4
13%

KYC was not conducted on key members in the team. This is a serious flag.

Will be willing to review this rating again if the team responds.

Good luck.

~~~~~~~~~

Nicolaas Spangenberg Passed
Hugo Dominguez Passed

Nice!

Igor Karavaev
ico advisor and investor
Rated on Oct 12, 2018
2
1
2
12%

22 pages WP looks very unprofessional and lacks a lot of information: marketing, financial and business planning, why blockchain, legal issues etc. Is it reverse security ICO? The team should be more educated to deal with such or engage proper consultants to improve all this

Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Oct 13, 2018
2
2
2
11%

One word here. Proof of ownership. I can find nothing that shows they actually own a mine, or that the mine has the resources that it claims. It may be true but caution should be exercised here.

How could this be done. A signed document from a reputable attorney, along with copies of documents showing ownership of the assets claimed.

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

Yuichiro Okazoe
Yuichiro Okazoe
Rated on Oct 17, 2018
5
5
4
8%

WP transparent and very easy to understand.
The team has experts in the field with years of experience.
Gold mining, a very profitable business combined with cryptocurrencies could go a long way.
The team has a very good vision of the fair distribution of profits. Fair share rule.

Nozomu Nakazato
ICO consultant
Rated on Oct 18, 2018
5
5
4
12%

They discovered that it is a genuine project that passed the KYC examination.
Many experts point out that gold mining and the business involved in gold mining are unclear and have many problems. This project is appropriately doing business construction with members with solid experience and premises of transparency.
I am beginning to think that recently ICOs are not for many other investors, but rather firmly supported in the industry (eg gold mining) and there are funds to be raised. It seems to me that it is a valid funding method. And this project is just building such a business model.

Alexis Berthoud
Entrepreneur | C-level | STO Advisor
Rated on Oct 25, 2018
4
4
4
6%

Nowadays it isn't enough to make a beautiful website and promise something in the future.
Now, to become a successful project and receive necessary investments it is important to:

- Platform token sale available ✅
- Innovation level - incremental - ✅
- Strong Competitor analysis ✅
- Core Team and not multi-position team
- marketing ICO budget ✅
- Events calendar ✅
- have max. transparency ✅
- have legally protected product ✅
- work actively with the community ✅
- have a powerful team and advisors ✅
- meet investors F2F ✅

PlumBot
ICO Analyzer Bot
Rated on Oct 28, 2018
0
0
0
29%


Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

ORET ICO price

Price in ICO

1 ORET = 0.50 USD

ORET (ORET) crypto

ORET coin

ORET token
ORET
ORET type
ERC20
ORET platform

ORET (ORET) value

Tokens for sale
12500000

ORET investment info

Accepting
Min. investment
50 USD
Distributed in ICO
96%
Soft cap
2,500,000 USD
Hard cap
6,000,000 USD

ORET whitepaper

ORET team

Apply as an advisor

Nicolaas Spangenberg

Chief Executive Officer

ORET Team

Hugo Dominguez

Chief Operating Officer

ORET Team

Gricelda Spangenberg Arevalos

Chief Financial Officer

ORET Team

ORET milestones

1
April 2019

WePower idea

2
August 2019

WePower idea

3
December 2018

WePower idea

4
February 2018

WePower idea

5
February 2018

WePower idea

6
January 2019

WePower idea

7
July 2019

WePower idea

8
March 2018

WePower idea

9
May 2019

WePower idea

10
November 2017

WePower idea

11
November 2018

WePower idea

12
October 2017

WePower idea

13
September 2018

WePower idea

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