# Timeline

<mark style="color:blue;">Attention: The following timeline will be possible in the case of total sale of first NFT drop within six months after launch, raising a minimum of 100 000 USD.</mark>

<mark style="color:blue;">If the time required to raise this amount is going to be longer or if only part of this amount is raised, then - as a consequence - the timeframe for implementation will extend and the payouts will be lower and start later, till the required minimum amount is completed.</mark>&#x20;

<mark style="color:green;">Note: Green underlining marks the milestones, when monthly payouts will increase due to added business capacity during the permit process.</mark>&#x20;

### **PHASE I - basic initialisation**

#### <mark style="color:orange;">**Path 1 - Concept & Design Phase**</mark>

* Elaborating business structure (DONE)
* develop gitbook as whitepaper version beta 0.1 (DONE)
* Design of Landingpage (V1.0)
* Design of GreenGold NFT (IN PROGRESS)

#### <mark style="color:orange;">Path 2 - Mining Process</mark>

* Creation of mining company and registration of mining company in the public registry of companies of Lima, Peru
* First field trip to possible gold claims, located 250 km south of Lima in the Peruvian coastal desert mountains for geological sampling of possible gold veins.

### **PHASE II - initialising gold manufacturing**&#x20;

<mark style="color:orange;">**Path 1 - Fundraising**</mark>

* Launch of project and building the community
* Launch Whitelist places

<mark style="color:orange;">**Path 2 - Mining process**</mark>

* Further field trips to possible gold claims and geological sampling&#x20;
* Decision about which gold claims are to be claimed
* Starting the process of legal registration as “Small Scale Mining Company” with Ministry of Energy and Mining, as well as starting process of inscription of gold claim of the registered company – Small Scale Mining Companies have the right to register up to 20 claims = 20 square kilometers of land.&#x20;
* Registration process and claiming process should come to an end before the end of November.&#x20;

<mark style="color:orange;">**Path 3 – Concentration Plant for Gold processing**</mark>&#x20;

* Design of “Gold Concentration Plant” and starting to search for an adequate plot of land to build the plant. &#x20;
* Search for plot of land for “Gold Concentration Plant” should come to an end before the end of October.
* Buying land plot for “Gold Concentration Plant”

<figure><img src="https://1641547612-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4iimHfWBYOlEFuq0kEJi%2Fuploads%2FzkE0mzt3FSOAazGa6C3m%2FDesign%20ohne%20Titel.png?alt=media&#x26;token=456be079-3d80-4a92-bd34-3e6d1661e388" alt=""><figcaption><p>Example of a Gold Concentration Plant</p></figcaption></figure>

### Phase III - starting design & process study

<mark style="color:orange;">**Path 1 - Fundraising**</mark>

* Launch of first NFT drop

<mark style="color:orange;">**Path 2 - Mining Process/ Studies & Permissions**</mark>

* Investment in basic gold mining equipment as requisite for the legal inscription of gold claim
* Starting process to make required studies and get permits (process length approx. 8 months):
  * Environmental Impact study,
  * Study of possible archeological remains on the claim area,
  * Study of water bodies (probably not existent, but still: study has to be done),
  * Study of wastewater treatment (actually no wastewater will be generated – still: the technical document proving this has to be done),
  * Design of mining camp, o Permit for buying, storing and using dynamite
  * Plan for mine closure after 40 years of mining&#x20;

<mark style="color:orange;">**Path 3  - Gold Concentration Plant/ permition gold concentration plan**</mark>

* Starting process to get permit for “Gold Concentration Plant” (Process approx. 3 months)&#x20;

  Required:

  * Registration of plant with municipality
  * Acquiring basic concentration equipment
  * Getting wastewater permit.
  * Design of plant
* Obtaining permit to build “Gold Concentration Plant”

<mark style="color:orange;">**Path 4 - Temporary cooperation with other claim owners**</mark>

* Creating a temporary agreement with another mining concession owner in order to put mining equipment to use on other claim while our own permit process still runs.

### Phase IV - departure phase

<mark style="color:orange;">**Path 1 - Fundraising**</mark>

* All NFT´s are sold

<mark style="color:orange;">**Path 2 - Mining Process**</mark>

* Registration process and claiming process should be concluded

<mark style="color:orange;">**Path 3 - Construction gold concentration plant**</mark>

* Acquiring basic concentration equipment
* Operational Permit for “Gold Concentration Plant” after visit by representative of Ministry for Energy and Mining to review the constructed infrastructure.&#x20;
* Construction of Gold Concentration Plant”&#x20;

<mark style="color:orange;">**Path 4 - Temproary cooperation with other claim owners**</mark>

* Starting to mine on gold claim of temporary partner
* Use equipment with partner claim

### Phase V - begin concentrate gold

<mark style="color:orange;">**Path 1 - Fundraising**</mark>

* Income from proceeds on the secondary market

<mark style="color:orange;">**Path 2 - mining process**</mark>

* Obtaining permission to mine on our own claim from the ministry of Energy and Mining, as well as obtaining permit for buying, storing and using dynamite from “Discamec” (Peruvian authority for weapon control)
* Building mining camp and hiring miners
* Start of mining on our own claim

<mark style="color:orange;">**Path 3 - Construction gold concentration plant**</mark>

* High concentration of gold from foreign mines or purchased stones
* <mark style="color:green;">First reward payout of profits made from Temporary mining – from now on monthly payouts to NFT holders.</mark>

<mark style="color:orange;">**Path 4 - Temproary cooperation with other claim owners**</mark>

* Continue mining in the mine

### Phase VI - obtaining own claim

<mark style="color:orange;">**Path 2 - mining prcess**</mark>&#x20;

* <mark style="color:green;">Sale of gold concentrate at higher prices than before</mark>
* <mark style="color:red;">**Increased**</mark> <mark style="color:green;">payouts to NFT holders due to higher rewards</mark>

<mark style="color:orange;">**Path 2 - start own mining**</mark>

* Obtaining green Gold certification
* <mark style="color:green;">First rewards from our own gold mining</mark>
* <mark style="color:green;">From now on again increased monthly payouts due to higher rewards</mark>
* Start of continued increase of production capacity

<mark style="color:orange;">**Path 4 - Temproary cooperation with other claim owners**</mark>

* End of temporary mining cooperation with partner

<mark style="color:blue;">By December 2023 the company has all the permits and capacities to operate from mining to gold processing. Gemrock Peru is going to buy the entire production of gold concentrate guaranteeing steady income and payouts</mark>&#x20;

### Phase VII - Future outlook

<mark style="color:orange;">**Step 1 - to be continued**</mark>

* The mining company is fully set up and will obtain the “Green Gold” certificate for ecological and ethical mining.
* The mining company starts reinvesting rewards into obtaining a constantly growing number of claims, increasing the mining activities on existing claims, increasing the concentration activities in the “concentration plant” and enters into a phase of constant growth.
* <mark style="color:green;">As a result: monthly payouts will enter in a phase of constant growth.</mark>
* <mark style="color:green;">There is no limit set to this phase of scaling up.</mark>
