A PurePlay Note is the instrument used to embody a sale of unmined minerals held in Reserves by a miner.
We’ll use gold as a proxy for minerals for the sake of simplicity but a PurePlay Note will be possible for virtually any minerals including oil and gas.
Inevitably, with a new and innovative product, the market takes some time to mature and reach a stage where issuers are comfortable with the level of PurePlays that they can handle without strain on their production resources, and Investors are comfortable with assessing the risk and reward balance of a particular issue.
A Practical Case Study using PurePlay® Instruments to convert a highly indebted mining corporation into a secure debt free entity.
DMC has $4bn in debt and is paying an average interest rate of 5.75% on that debt.
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The Intellectual Property of PurePlay Holdings (Pty) Ltd is protected by world-wide pending Patents.
Trademarks awaiting registration are PurePlay™, Nature’s Vault™, As Good as Gold™ and Sp☼t True Value™.
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E-mail: p.dawe@pureplayholdings.com