 |
 |
|
|
Summary of Current Holdings
The following summary is not provided as a Financial Statement, but is merely a discussion of the holdings of National Gold, Inc.
Vanderbilt Mill
 |
 |
National Gold owns a 2,500 ton per day ore processing mill and the associated mines, located in San Bernardino County, California. This property is on patented land. The mill is worth about $27,000,000, and a Geology Report prepared by the U. S. Bureau of Mines in 1989 indicated about 26.5 million ounces of gold. The Bureau estimated the proven reserves to be over $5 Billion. With the increase in the price of gold the precious metals are now worth over $20 Billion.
According to the geology report, the aquifer under the property contains hundreds of thousands of acre feet of potable water. Each acre foot of water contains 326,700 gallons of water so that every 3 acre feet contains about 1 million gallons of water.
This water can be bottled, or it can be sold to Las Vegas, Nevada, or to Los Angeles, California, or to others.
If we use the sum of 500,000 acre feet the water as what is available, then we have 163.5 billion gallons of water. This is worth about $8 Billion at only 5 cents per gallon.
Additional Negotiations
National Gold is also negotiating for the acquisition of two historical mining properties in Northern California. These properties have all of the mining and milling equipment currently in place.
National Gold is also negotiating for the acquisition of a large gold placer property in the Mary Ann Canyon Area of Eastern Nevada.
National Gold is authorized to issue 500 Million shares of Common Capital Stock, of which 132,056,278 shares are validly issued and outstanding. No other class of shares is authorized.
Based on the conservative value of 10% of the proven ore reserves and the value of the water indicated above, National Gold has a Net Worth of over $7,416,941,149.00. This gives us a Book Value per Share of about $100.
See our Past Mining Operations
Please take a look at our Business Plan
Please submit your mining properties to us
for evaluation and possible acquisition
Return to the Top of this page