ORET
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.
START ICO
01.11.18
FINISH ICO
01.12.18
I've invested at ORET and feel scam here now

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ICO
Date iCO
01.11.18 / 01.12.18
Project symbol
ORET
ICO token price
0.500000 USD
Soft cap
2 500 000 USD
Hard cap
6 000 000 USD
Category
Cryptocurrency
Investment
Accepting
Ethereum
Restrictions in accepting investments from investors of the following jurisdictions
China
USA
SCROLL
THE STRIP

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.

TEAM
Nicolaas Spangenberg
Chief Executive Officer
Hugo Dominguez
Chief Operating Officer
Gricelda Spangenberg Arevalos
Chief Financial Officer
Antonio Caballero
Chief Marketing Officer
Juan Zorrilla
PR manager
Cristian Villalba
Designer
Alexis Carballo
Full-Stack Web Developer
Julian Gonzalez
Logistics Manager.
Nicolas Mercado
Marketing and RP Manager
I've invested at ORET and feel scam here now

If you suspect fraud, it is better to bring it to the attention of the law enforcement authorities. With ICO frauds, every day counts because fraudsters can sweep up the evidence.

Feel free to contact us:
We will help you to find the data about fraud (rate $ 30 per hour). In the future, you can submit this report and the case to any competent lawyer. An example of a research report is available here.

Consult us free of charge about collecting debts from an ICO project bubnov@forensictokenlab.com or via telegram @ICO_Forensic_NOW
We also collect facts about the withdrawal of crypto active assets from the project. If you have any information available about a cryptocurrency, please, send it to us for analysis.