Gold Mining Futures
Description
MainStreet Money Members are able to develop their Gold Portfolios by acquiring Gold Mining Futures (GMF) by either redeeming their MSM Meme Coins. Additionally, Members can also make direct payment in Solana (SOL) or other Cryptocurrency such as ETH or BTC in the MSM Store.
Product Overview
MainStreet Money has developed Off-take Agreements with two Australian Gold Mining companies who operate mining leases in South East Queensland, 3 hours north west of Brisbane. These mining operations are:
Coonambula Resources Group Pty Ltd – Mining Lease ML100132 – www.coonambula.com.au
Coonambula Resources Group Pty Ltd ABN 51 607 591 168 has tightly held ordinary shares of which 98% are held by one entity. The company was acquired by the current major shareholder four years ago from its previous founders. The company was refreshed from the Minerals & Resources Department. The company has a valid, active Mining Lease No. Ml100132 on the Cheltenham Station. Two of the company executives reside close the mining tenement producing plantation seedlings for the reclamation of mined land on the tenement to satisfy the Environmental Permit BRMN0050, producing additional revenue from by-products and Carbon Credit Units.
New World Metals Pty Ltd – Mining Lease ML100203 – www.newworldmetals.com.au
MainStreet Money has an exclusive gold off-take agreement with New World Metals Pty Ltd. NWM ABN 67 626 330 952 manages a Gold Mining business under Mining License No. ML100203, issued by Queensland Government Resource Authority and Granted for 10 years renewable, from 2025. Located on a 257-acre tenement 30 Klms from the town Eidsvold and Mundubberra, 3 hours north of Brisbane Australia, the company has completed its exploratory and other mining requirements for the government to issue its Mining License. The Mine has been plotted to extract alluvial gold from the sand wash and from a paleo channel.
How Gold Mining Futures Works
- MSM has fractionalized a Troy Ounce of Gold into Grams. MSM Members are able to redeem their MSM Meme Coins and other cryptocurrency directly for our Gold Mining Futures (GMF). A Gold Mining future is a standardized financial contract where a buyer (MSM) agrees to purchase (or a seller agrees to deliver) Gold at a predetermined price on a specific date in the future. This allows MSM to negotiate Off-take Agreements with private mining companies and investors to trade Gold Mining Futures within their MainStreet Money Accounts and ultimately the global commodities market, when their gold portfolios have enough volume.
- MainStreet Money operates a Take-and-Pay off take agreement with its Gold Mining Merchants. This means MSM as the Buyer is obligated to order and take a minimum volume of gold, but it only pays for the exact quantities when delivered.
- MSM currently operates two legally binding long term Gold Mining Offtake Agreements in with Australian gold mines to purchase a portion of each gold mining projects future output before the mine is in production if that is the case. Mining projects require massive upfront capital. Lenders and investors are hesitant to fund mine construction without proof that the extracted metals or minerals will be sold. An offtake agreement guarantees a future revenue stream, which unlocks project loans.
The Purpose of Gold Mining Futures
Key Features
- ✓• Fractionalized Gold Ownership (as low as 1 gram)
- ✓• Multiple Payment Options (MSM Meme Coins, SOL, ETH, BTC)
- ✓• Secure Off-take Agreements with Australian Mining Companies
- ✓• Take-and-Pay contract structure
- ✓• No physical handling required
- ✓• Portfolio diversification
- ✓• Hedge against inflation
Accepted Payment Methods
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