Topic: Kenilworth Exploration (Australian Mineral Exploration) (Read 5815 times)

The most active thread for this security is:

https://bitcointalksearch.org/topic/bitfunder-kenilworth-real-world-mining-opportunity-with-bitcoins-222746

Has anyone called or contacted Kenilworth Exploration to see if this investment is actually sanctioned by them?

--S M I L Y

It is the BTC/Gold exchange rate you need to watch rather than BTC/USD, but I presume if gold is worth less in Bitcoin than expected than the return in bitcoin would be lower than projected. Pure speculation, but I think if BTC appreciates suddenly again hard commodities would too.

I just got 56 shares for about 0.1 BTC. I hope Kenilworth does really well but even if it doesn't I can say that I invested in the first non-Bitcoin related company that got funded with Bitcoins. And thus be a part of history whether Bitcoin succeeds or fails.

How will you cope with bitcoin if it doubles in price($240/BTC)? I'm thinking in order for it to work in a situation like that you'll have to keep a reserve of BTC.
Maybe I missed it but what is the time frame from now to round 1, 2 and 3?

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Moved Kenilworth Forum to: https://bitcointalksearch.org/topic/bitfunder-kenilworth-real-world-mining-opportunity-with-bitcoins-222746

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Can you assess the contents of your claims without seismic exploration? I see only drilling. How many cores do you intend to drill?

I like the idea of getting loads of bitcoins in dividends should it crash down to 10$ again.

Link to full PDF: http://tinyurl.com/m39s9vq

yeah it was a joke, there are quite a few bitcoin mining investments but this one's the first physical one

quote author=ironcross360 link=topic=200701.msg2143062#msg2143062 date=1368535035]
whats the estimated return?
[/quote]

- Apologies for the delay, I'm compiling an answer into what I hope will be an easy to understand chart.
Please bear with me on this for a few more hours and it shall be posted.

- Thank you for your time.

In the interim here is a great article.
Link: http://tinyurl.com/bo97kea


All figures are taken from the anticipated completion of the IPO.

- The Electromagnetics will give a visualization of the size, angle, and shape of the mineralization. Drilling will give the levels of mineralization in parts per million. Once completed, a company like SRK can evaluate the quantity of a mineral reserve(s) that Kenilworth will own, Interest from the major mining companies (introductions have been initiated) will then acquire a majority equity holding. This will produce a large dividend scenario for all investors.

- We will also ensure that all shareholders will retain an interest by way of a royalty from future mineral extractions from any of our ELs by any future owners (to be negotiated).  

- In the shorter term, prior to defining the quantity of actual mineral reserves that Kenilworth will own, a return to each investor will be by an increase in equity (share) value resultant from the electromagnetic survey of our exploration licenses, which will be evaluated and published during the first four months and also after that by the publication of our drilling results every three months.

- Also, shareholders may generate a return on their investment by selling their shares on a Bitcoin share trading platform as the assett value of Kenilworth appreciates following mineral exploration activity.

- The following calculations are based on an investment of 10 bitcoins (BTC). And should be considered an outline of "estimated return."
The numbers in the following two tables are based upon a bitcoin value of $119.70.



- Table A shows the ROI (return on investment) only based upon the offer document and shows no contribution to ROI from the expenditure of the funds raised upon the asset value of Kenilworth Exploration. Thus with an investment of ten (10) BTC, they will be worth and equivalent of 15 BTC after the third round of funding.  



- Table B shows the values in Table A, however, an additional section is added to show the increase in asset value expected by management from the expenditure of the specific funds raised in each of the 3 rounds of funds.

- Thus, with a 10 BTC investment, management would expect to conservatively see these increase to an equivalent of 22 BTC. Following the expenditure of the funds from round one and the asset appreciation from the EM surveys undertaken. This value will increase to an equivalent value of 39 BTC after the expenditure of the 2nd round of funding and the results of the drilling which will be undertaken are reported upon at that time.  Again, with the expenditure of round three funding, the completion of the drilling and the contribution to our joint venture partners, the initial ten bitcoins would be expected to be worth in the region of an equivalent 69 BTC.

I hope this is somewhat understandable. Do not hesitate to ask for any clarification.

Thank you and please keep polling 4 days till close.

whats the estimated return?

- This poll is directed at the bitcoin community to see if there would be an interest in a non crypto stock. (thanks to those who have polled)

- Bitcoins positive attributes are as I am sure you will agree from other forum postings something that is to be excited about. There is a great need for new venture fund structure within Australia (http://tinyurl.com/bve9hev) and bitcoin could offer that if it embraces the non-crypto world.

- We anticipate Bitcoin to make a difference in areas where conventional capital has lost its nerve due to quantitative easing etc. We are not alone, with a great project in hand awaiting funding. There are similar mineral exploration and other opportunities all over the globe that are stalled due to absence of venture funding.

- Bitcoin could fill this void in global venture capital space but only time will tell if it has the boldness and confidence that is needed. Once the Crypto community realizes its strength. Ultimately to be the first (truly global) non-territorial, cyberspace hedge fund.

Why are you considering raising funds through bitcoin rather than more traditional routes?

- Reply sent in PM.

Thank you, yep i have a nice video camera so be good to take some pictures and video. I'm also pretty good friends with Ukto from BitFunder. So if it all goes well i will definitely be recommending and helping to get you guys on there. Let me know when the skype of google hang out is ready. Tho i would still like to come there and see it for myself and investigate a little on behalf of the crypto community.

But in my opinion this is a really interesting project and i'm very open to it, potentially could be a bigger deal than ASICMINER.

*alot of the stuff i was saying was aimed at other potential investors.

Also i would like to meet you guys from Kenilworth and have a good talk. Can we also do a panning of the area?

gold miners are getting wrecked at current gold price volatility, so I would need assurance you guys just aren't raising capital to cover existing expenses and quarterly shortcomings

Hey guys i'm based in Australia, i would be intrested in checking this out for myself and others, if you guys want? I will vouch for it, if its legit. Hit me up on #bitcoin-aus and can organise a time and date to go there and check it out. Appreciate a tip or donation to help cover expenses, tho i'll put in 2btc myself which, i'll send to any of you guys to hold. I can always check and keep an eye on these guys for other crypto investors as well.

Boring, yet another mining investment

the thing about companies claiming to mine a gold mine, trading over the counter, is that historically it doesn't matter how much information they give, all of it can be for not.


can't wait till we here about the geologist, carry on.

I have absolutely no physical mining experience and very little investing experience. I voted Yes because if this turns into a real offer, traded for example at a couple of reputable exchanges (BTCT and Bitfunder comes to mind), then I would welcome a serious non-crypto stock to be traded for crypto currencies.

I would, of course, do proper research before I put a dime into this, but I think this kind of stock is exactly what the crypt community needs to break some of its geeks-only reputation.

I'm slightly concerned that you're asking for $3M, though, especially if you're looking to get all of that through BTC. If BTC crashes, you're out of money. If you simply take whatever you get in BTC and convert to fiat, you've basically just created a currency pass-through.

I realize you're getting your incomes in gold, not in fiat, but I doubt you'll be paying in gold or BTC when you hire that fancy chopper. All your expenses seem denominated in fiat, so what is BTC bringing to the table here, except as just another non-gold currency?

Good luck, watching this space.

.b

Yes your right,
I totally agree that mining juniors are struggling to survive, however these struggles are in the most part self-inflicted, by massive overheads and burn rates compared to actual expenditure on data acquisition and a scattering of tenements over different geological addresses, which cause a lack of focus. Kenilworth Exploration has already a single hit of 107/gt Au in our one diamond drill, "One swallow never made a summer, but ! And we have no debt, and all our tenements are focused on one area which is now considered a strong mineral address. We have an independent asset evaluation at today's date of $19M.  

All business is impacted by government taxations and austerity measures. However on a global scale such government actions are very light in Australia where the economy is thankfully buoyant and has not experienced the recessions of Europe and the USA.  

Mineral exploration and Mining enterprises within Australia is very well governed and consequently environmental protests are very rare, as the industry and the communities work well together, and there is always a win-win approach to mineral explorations and extractions. I do concur that in other regions of the world, apart from Australia, certain mining enterprises enter communities only to pillage and run with their finds, and consequently I can understand and agree with protests to such actions.  However I can assure you that the Australian authorities and the communities and the mining industry is totally in unison in bringing benefit to all parties.

Your reference to price manipulation in the PM markets, be it true or otherwise, has little impact on the realities on the ground regarding mineral exploration, for we all know that overtime if a mineral deposit is discovered that it will not be extracted until it is economically viable. Mineral exploration companies, like Kenilworth Exploration target the discovery of such mineral deposits, and when they are found our asset value increases and we sell them onto the mining industry leaders.  I’ am of course bias in my views, but the fact that Kenilworth Exploration has already assembled substantial data from RAB and one diamond core and is debt free at this stage, make it a different animal in the industry, our overheads are nominal compared to most other exploration companies.

The present round of investment (first round) will see 70% of the funds raised utilised directly to undertake the most scientifically advanced detailed Electromagnet Surveys of all our tenements, another 18% will be spent on direct investigative drilling, and only 12% will be used on in-house salaries and overheads. Investors will see a ROI when we confirm our mineral deposit and we are acquired by one of the major mining operators, out timelines are focused and short, this is not a long term investment into salaries and overheads, it's an investment to confirm a mineral deposit that will be attractive to the majors.

Thank you for your comments,
Please cast your vote on the poll above,

With:

• government regulation/fees/taxation/austerity constantly expanding,
• environmental protesting a hot topic,
• price manipulation in the PM markets,
• peak silver/gold/everything,

mining juniors are struggling to survive, let alone generate returns for investors.

How is Kenilworth Exploration different from the other countless failing juniors that will allow it to overcome all of these obstacles?

Is phase one just AEM? for all three licenses?
How does your agreement with Thompson Resources to fund an assay of your own 100% owned licenses entitle you to 50% of their licenses?

Pages 12-13 also referd to as 5.1

The present round of investment (first round) will see

• 70% of the funds raised utilised directly to undertake the most scientifically advanced detailed Electromagnet Surveys.
  
• 18% will be spent on direct investigative drilling.
• 12% will be used on in-house salaries and overheads.

(as your asset value appreciates over a period of four months.)

This is in relation to not only the completion of the electromagnet servay (https://www.box.com/ke-survey) but also the addition of the 3 exploration licenses that are 50% owned belonging to our joint venture partners.
As the initial SRK valuation only took into consideration the 3 100% owned exploration licenses.

What part of the project will be funded with the first $925,000? Offer document does not seem to address this, nor can I see where it identifies zones 1, 2 and 3.

"However, before making any investment, investors are advised to take their own independent accounting, taxation, legal and any other advice they or their circumstances may require in considering an investment in Kenilworth. No person mentioned in this Offer Document will offer, or may be construed as offering, advice to any potential investor in Kenilworth."

Any prudent investor should seek "advice" in this field if they are in any way uncertain of the risks and rewards.
We at Kenilworth will provide all and any information that is requested.

Thanks for the comment,
Please cast your vote on the poll above.

way over my head

From Section 10 of offer document https://www.box.com/ke-offer :
No person mentioned in this Offer Document will offer, or may be construed as offering, advice to any potential investor in Kenilworth.

Details
ASSET NAME: Kenilworth
ASSET ISSUER: Kenilworth Exploration
SHARES TOTAL: 35,820,677
SHARES ISSUED: 4,869,105
PAYS DIVIDENDS: Yes
ISSUER MAY INCREASE SHARES: Yes without vote
ISSUER MAY MODIFY DESCRIPTION: Yes without vote

Summary
We are offering a unique opportunity for Bitcoin holders to directly impact and participate in mineral exploration in Australia, utilizing the most advanced electromagnetic investigational techniques to identify mineral reserves underground. Your investment allows this to happen in a fast and efficient manner and you can follow as your asset value appreciates over a period of four months. At the end of each phase of the geological investigations, an independent international accredited company with expertise in evaluation of mineral exploration assets, will give another valuation of Kenilworth Exploration. Turn your Bitcoins into real mineral wealth in Australia by purchasing a share in our asset appreciation program within Kenilworth Exploration Ltd.

Our company has a strong and experienced Board, and a Joint Venture with a leading ASX listed Mineral Exploration team, at Thomson Resources Limited. We have a 100% interest in three exploration licenses (EL's) and a 50% interest in three other EL's belonging to our Joint venture partners. We have obtained an independent valuation of $19 million on our 3 Kenilworth EL's from the accredited international mineral evaluation company SRK Consultancy Limited.

Description
The company Kenilworth Exploration Limited has NO Debt and has an independent valuation (Attachment SRK) of its current mineral exploration assets. This gives a median valuation of US$19.1 million with a minimum valuation of US$ 3.5 million. Kenilworth Exploration is now placing an offer to raise $925,000 to fund the next phase of mineral exploration development,which will include a high powered electromagnetic (EM) scan of our exploration tenements to identify mineral deposits.

This funding round will see a sale of a 17% equity position of Kenilworth Exploration Limited in return for a funding of $925,000. Thus, the Bitcoin investment will enter the company at a market-cap of $ 5.4 million. Note the medium valuation of the asset is $ 19 million. However, the initial investors are able to enter this funding round at $ 5.4 million. Within four months of reaching the $925,000 mark, we will have completed the EM survey and received a renewed valuation from an international mineral asset accredited company, such as SRK Consultancy Limited. This new valuation will encompass not only our three 100% owned EL’s, but also our three EL’s in that we hold a 50% interest, which we share with Thomson Resources Limited. This valuation would be envisaged to return a valuation many times greater than the current $19 million.

These funds will be utilized in a period of four months, to carry out an intensive and highly focused electromagnetic (EM) survey across our mineral exploration areas, (Attachment Survey). This EM survey will utilize the world’s most powerful helicopter suspended time-domain electromagnetic system. This system is the state of the art and premium survey technique developed to identify mineral deposits under the ground. The data generated, utilizing these funds, will clearly define our mineral reserves. This data will enhance our asset valuation. The use of proceeds are as set out in the offer document (Attachment Offer) under the headings EM Surveys.

Once the mineral targets are identified then two additional rounds of funding will be sought to undertake a drilling program (Attachment Share). The estimated drilling costs will be in the order of $1.85 million. The second round of fundings for $925,000 will see the issuing of 4,022,304 shares and the 3rd round for $925,000 will see the issuing of 3,190,104 shares from the total of 35,820,677 shares.

Once the EM survey is completed during the next four months, Kenilworth Exploration Limited will engage the services of an accredited international mineral evaluation company, who will re-evaluate our assets, given that we will at that time have located and identified all mineral deposits in our exploration license areas. The Board is extremely confident that the data generated will increase our asset valuation by a substantial factor during the next six months.

Agreement
• Upon sale of assets, proceeds from sales will be distributed evenly among all shareholders, per an agreed and approved Dividend policy
• Any future profits/earnings will be distributed by way of Dividends.
• Any increase in shares would result in a proportional dilution of all shareholders at the time of such increase.

Expected Return
All figures are taken from the anticipated completion of the IPO.



- The Electromagnetics will give a visualization of the size, angle, and shape of the mineralization. Drilling will give the levels of mineralization in parts per million. Once completed, a company like SRK can evaluate the quantity of a mineral reserve(s) that Kenilworth will own, Interest from the major mining companies (introductions have been initiated) will then acquire a majority equity holding. This will produce a large dividend scenario for all investors.

- We will also ensure that all shareholders will retain an interest by way of a royalty from future mineral extractions from any of our ELs by any future owners (to be negotiated).  

- In the shorter term, prior to defining the quantity of actual mineral reserves that Kenilworth will own, a return to each investor will be by an increase in equity (share) value resultant from the electromagnetic survey of our exploration licenses, which will be evaluated and published during the first four months and also after that by the publication of our drilling results every three months.

- Also, shareholders may generate a return on their investment by selling their shares on a Bitcoin share trading platform as the assett value of Kenilworth appreciates following mineral exploration activity.

- The following calculations are based on an investment of 10 bitcoins (BTC). And should be considered an outline of "estimated return." The numbers in the following two tables are based upon a bitcoin value of $119.70.



- Table A shows the ROI (return on investment) only based upon the offer document and shows no contribution to ROI from the expenditure of the funds raised upon the asset value of Kenilworth Exploration. Thus with an investment of ten (10) BTC, they will be worth and equivalent of 15 BTC after the third round of funding.  



- Table B shows the values in Table A, however, an additional section is added to show the increase in asset value expected by management from the expenditure of the specific funds raised in each of the 3 rounds of funds.

- Thus, with a 10 BTC investment, management would expect to conservatively see these increase to an equivalent of 22 BTC. Following the expenditure of the funds from round one and the asset appreciation from the EM surveys undertaken. This value will increase to an equivalent value of 39 BTC after the expenditure of the 2nd round of funding and the results of the drilling which will be undertaken are reported upon at that time.  Again, with the expenditure of round three funding, the completion of the drilling and the contribution to our joint venture partners, the initial ten bitcoins would be expected to be worth in the region of an equivalent 69 BTC.


Links
Website: www.kenilworthexploration.com
Video Link: http://tinyurl.com/cfr4jtl
SRK Valuation: https://www.box.com/srk
Survey 2013: https://www.box.com/ke-survey
Share Structure: https://www.box.com/ke-share
Offer Document: https://www.box.com/ke-offer