There's $$ in vermiculite
To: Aquatic-Plants at actwin_com
Subject: There's $$ in vermiculite
From: cbay at jeppesen_com (Charlie Bay)
Date: Thu, 19 Sep 1996 08:08:17 -0600 (MDT)
In-Reply-To: <199609190739.DAA04151 at looney_actwin.com> from "Aquatic-Plants-Owner at actwin_com" at Sep 19, 96 03:39:02 am
Sorry, this is only indirectly related, as many on this list are
using or experimenting with vermiculite. I just had to share this.
I have a good friend who invested in this guy's vermiculite mine
two years ago. This other guy had a site and had to move fast,
and hit up his relatives for cash (he has some wealthy relatives,
and raised $350,000 in capital in one week). My friend took out
a loan for $10,000 two years ago, which he also invested. My
friend was the only non-family member allowed to invest (he had
known the guy for twelve years).
Here's the deal: My friend got a $1,000 return after the first
year. This is the second year, and he gets a check for $10K.
Then, for the next three years he gets a check for $20K, $30K,
After the $60K check, the five-year mining operation shuts
down and he has liquidated his stake.
Summary: $121,000 return for him on a $10,000 investment after
No, I cannot get in and nobody else can either; this is a short
run for that family alone. I had no idea there was so much
money in vermiculite.
Please do NOT invest in those other stupid "diamond mining
operations" where you invest capital, etc. Those are a waste
of money and laced with fraud; however, it looks like this
particular case works out. Of course, note that nobody can get
in--if it really works, normal stiffs like us would not be
allowed entry. :-) I think this is the absolutely outrageous
case that occurs 0.00001 percent of the time.
cbay at jeppesen_com