Member Info for Peoplepower1

Will, the other alternative for the VGOLDCORE assets is the 254,090 ounces already mined from the sand based paleo alluvials in Queensland Australia by the QGP UMACO partnership.

Are these 254,090 ounces already being held in gold bullion in vaults or even some of it already being held in gold bullion in vaults.

We don't know.

If it is, then this gold bullion backs the number of VGOLDCORE tokens that can be released for sale in the private issuance to Institutional Investors.

This then provides money to mine more of the 8.4 million ounces in the sand based paleo alluvials in Queensland, Australia.

As more is mined, then this is added to any gold bullion already held in vaults to release more VGOLDCORE tokens for sale for more to be mined and so on and so on.

Sand based paleo alluvials costs $1,000 to mine and so are the cheapest to mine in a safe country with the permits needed for this.

Say you released 25,000 VGOLDCORE tokens for sale backed by 25,000 ounces of gold bullion already held in vaults in the private issuance to Institutional Investors.

If my calculations are right, then this would raise $250m with 50 Insitutional Investors at $5 million each.

$250m raised at $1,000 an ounce to mine would achieve 250,000 ounces mined, again if my calculations are right. You have 250,000 ounces of gold in gold bullion in vaults to use to back further release of VGOLDCORE tokens or to sell some of this gold for the 10% to 15% yield for the VGOLD tokens.

These are rough calculations and ideas only.

I'm sure tether gold had to start from somewhere too.

Anyone else here have any ideas on how this would all work, with and without gold bullion in the vaults, then please post them, as I would be interested to read them.

For me, Will, QGP's forte is setting up partnerships with the likes of Valereum and Umaco along with the ring fence SP they use for these.

I would think QGP have more partnerships for mining assets, not only UMACO.

To tokenise these mining assets, they've partnered with Valereum who are all set up to do this.

It makes no sense for them to do this themselves because this is not where their strengths lie, their strengths are in partnering particularly in mining assets using things like the ring fence SPs.

They need a partner who knows how to tokenise these, is already set up for this, with all the necessary approvals, etc., etc and has the contacts in Institutional Investors like Gary Cottle with his 30 years global finance investment experience.

They're paying Valereum for this over a 5 year period.

Valereum help QGP to tokenise their mining assets and get Institutional Investors to buy on the initial private issuance.

QGP help Valereum to grow as a company from this mining tokenisation, so the Valereum share price grows, Valereum get to list on NASDAQ/NYSE and QGP are able to release/sell some of their shares at a profit for this listing.

This is my thinking for what QGP are hoping to get out of their partnership with Valereum and Valereum gain from all this through the share price growth.

Sand based paleo alluvials cost $1000 an ounce to mine, so there's more profit to be made from sand based paleo alluvials.

VGOLDCORE is not tether gold, it's a different proposition and a different concept completely.

The first part of tokenisation is the private issuance to Institutional Investors, so the negotiations with each of these IIs will not be in the public domain.

Valereum are the shrewd master negotiators.

From what I can make out it's the technology in use by VLRM Markets that QGP needed to toeknise their mining assets .

Plus the potential of Valereum listing on NASDAQ/NYSE which is when QGP will probably sell some of their Valereum shares.

QGP are buying the 50% over a five year term so it's not $280m immediately.

QGP are buying nearly 50% of Valereum with the almost $280 milllion.

For me, the way to make it attractive for IIs to buy is to offer them something like 1 VGOLD token for 1 VGOLDCORE token.

This is not going to be in the public domain because Valereum will be trying to get the best deal for Valereum as will IIs and so it will be done in separate negotiations with each II interested in investing in VGOLDCORE.

These negotiations will all be done confidentially and individually with each II.

They have to make it attractive for IIs to buy VGOLDCORE so they have to offer them an attractive proposition.

This is obvious to me.

A 10% to 15% yield on VGOLD is the attraction for IIs.

1 VGOLD token given for every 1 VGOLDCORE token bought by IIs is an attractive proposition for IIs.

The same with Gold ETFs.

Institutions look to invest where they have a chance to make more money than simply on the price of gold going up.

The only reason to buy tether gold is not to buy physical gold.

There is no gain in tether gold only if the gold price goes up.

Institutions look for deals where they can make more money than this.

They are in Queensland, Australia, which is seen as a safe place.

As I said below the IIs may get 1 VGOLD token for 1 VGOLDCORE token to hold, with the yield of 10% to 15%.

Also, it may be that IIs are given 1 VGOLD token for every 1 VGOLDCORE token for which they have to hold both for a number of years.

With the VGOLD token they get 10% to 15% yield which is paid for as the gold is mined.

The tokens are limited in number depending on how much is needed to produce the gold.

For me, there are ways round this, the IIs have to hold the tokens for the length of time the gold takes to mine.

Then you have the gold bullion in the vaults to back the gold price.

Plus, there are already 254,090 ounces of gold mined, so are these already in gold bullion in the vaults, we don't know.

Sand based paleo alluvials take about $1000 an ounce to mine, it's the cheapest way to mine, so this gives them more money for the ounce of gold after it's mined and therefore more to play with when it comes to profit, so to speak.

You tell me how it could work if you've been in the sector for decades, rather than saying how it won't work.

Turn it on its head and tell us how it could work.

I know the adjustment to the tokens is related to the gold price, however, if there was some sort of discount within the secondary market, then, I would think QGP will have to make up the difference in extra tokens or whatever.

We don't know if there will be any discounts in the secondary market or how they will be applied or how it will work.

If there is, then Valereum will make sure the quarterly coupon payment is adjusted for this.

I would think Valereum has gone through all this to make sure the quarterly payment works for them.

Gary Cottle's 30 years in global investment banking comes in to play in all this.

He has the experience of setting up many different financial vehicles and also has the Maths background for any calculations.

Institutions who buy and invest in VGOLDCORE can buy and sell between each other.

This is a secondary market.

Discounts can be given in many different ways, they're still discounts.

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It sounds to me like you're assuming there's no liquid secondary market.