MONI - Moon Equity acquires Royal Costino and outlines next acquisition of mining processing facility in Peru

Moon Equity (OTCPK:MONI -6.0%) provides details of the recently announced acquisition of Royal Costino. Royal Costino LLC generated over $28M in revenues for 10 months between 2019 and 2020 but delayed operations due to Covid.  Royal Costino is in the process of acquiring a mining processing facility existing in the southern district of Peru, that is set to close the week of August 9. This mining processing facility is currently operational with licenses and permits to process 50tons per day, the facility currently generates $150 per ton just processing ore. Acquisition will maximize the mining processing facility’s capacity to scale up to process 300 tons of ore per day which equates to ~$45,000 per day in estimated revenues. The facility’s net expenses are estimated at $550 per day for personnel and operational expenses based on a six-day workweek.

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Moon Equity acquires Royal Costino and outlines next acquisition of mining processing facility in Peru