FIMA Inc. (FIMA.PK)
Real Estate
- Unique Market Opportunities: FIMA has targeted areas like the Mayan Riviera, including the island of Cozumel, Cancun and other resort destinations, that will always hold appeal for travelers thanks to their fantastic locations and favorable climate. Likewise, more affluent travelers will always seek out opportunities to establish more permanent housing as the areas grow in popularity. The large number of European and North American expatriates now owning and operating businesses alone in these resort areas is testament to their continuing appeal. The Central American market benefits foreign investors through its mostly favorable exchange rates and relatively lower entry costs to purchase and develop land. In addition, the Mexican real estate market has traditional been characterized by cash sales. As a consequence, it has been virtually unaffected by the highly publicized "sub-prime meltdown" that has dominated real estate news in recent months.
- Proven Gold and Silver Reserves: The Los Mates Project in central Colombia has been known since 1946. Recent mineral testing undertaken at the site revealed average concentrations of 8.0 g/ton of gold and 3.0 g/ton of silver. Based on calculations of the size and extent of the auriferous formation, the amount of developed, proven, probable and possible reserves was estimated to be approximately 954,750 tons. Taking into account the average tenor of the mineral, continuity in the enrichment of the reef and with a recovery in the beneficiation of 80% (a figure that could be substantially improved with more sophisticated mining techniques), the Los Mates Project could yield upwards of 7,992.6 kg of gold and silver. Based on current and projected infrastructure and development, the Los Mates Project has the capacity to produce more than 10,000 ounces of gold and approximately 1,500 ounces of silver every year. With current spot prices of gold at roughly $1000/ounce and silver at roughly $20/ounce, this level of production would yield more than $10 Million in gold and silver annually, and even more if the price of both continues to rise.
- The Gold Market is Golden: Because of the tremendous demand for gold and the concomitant rise in gold prices, properties such as Los Mates that have proven and probable reserves have become highly sought after. FIMA and GoldSource are actively engaged in the ongoing process to identify overlooked properties and bring them to production in order to take advantage of the tremendous market opportunities. Recently, numerous South American mining companies have demonstrated some of the remarkable success that is possible in this region. For instance, New Oroperu Resources (NOPUF) and Campania de Minas Buenaventura S.a. (BVN), both operators of gold mines in Peru, have seen their shares appreciate 600% and 166.8% respectively in approximately twelve months. Salazar Resources Ltd. (SRLZF), focused on gold, silver and copper mining in Ecuador, has seen growth of 212.5%, and Exeter Resource Corp (XRA), operating in Argentina and Chile, has been the beneficiary of an increase of 153.9% in share price. Also, there is additional room for growth in the price of gold. According to the German Bank Commerzbank, the 1980 record gold price of $871 adjusted for inflation would equate to $2,384 an ounce in 2008 dollars (Source: Spiegal Online/International). Even with gold currently fetching more than $1000 per ounce, there is clearly room for further price appreciation, particularly with growing concerns over recession.
- Booming Energy Market: Oil and gas currently account for more than half of global energy supply, and fossil fuels are expected to continue to be the main source for world energy well into the 20th century (Source: International Energy Agency). Worldwatch Institute notes oil production is in decline in 33 of the 48 largest oil-producing countries (Source: Worldwatch Institute), but energy demand is increasing around the globe. By 2020, some predict that the world's energy consumption will be 40% higher than it is today (Source: World Energy Outlook 2004). The total global oil and gas consumption is 127.8 million barrels per day, or 1,480 barrels per second (Source: OPEC.org). Global consumption of natural gas is expected to increase more in absolute terms than that of any other primary energy source, almost doubling to 4,900 bcm in 2030. Demand for natural gas is projected to grow faster even than projected demand for oil through 2025. (Source: International Energy Agency). In particular, demand for natural gas in Canada, the United States, and Mexico is increasing. In the United States, 60% of all homes are heated with gas, and 70% of new homes are designed for natural gas consumption. Due to its clean burning qualities, natural gas is the fuel of choice for electric power production. With increasing pressures on the market, it is almost inevitable that natural gas will remain a strong prospect for the foreseeable future.
- Affiliations with Major Multi-Nationals: Mortgages are becoming increasingly easy to obtain, and many larger banks are now offering financing in Mexico. FIMA is affiliated with GE Capital, one of the largest mortgage brokers in the United States, to provide their expertise and mortgage services. FIMA has an affiliate relationship with Stewart Title to provide title insurance for the protection of the buyer. The purchase of title insurance entails an extensive title search, in most cases all the way back to the Sovereign State of Mexico, and Stewart Title shoulders the potential risks. Title insurance assures the marketability of the title and provides no-fault recourse in the event of any problems.
Company Contact Information
6352 Santa Ynez
Huntington Beach, CA, 92647
USA
- Phone:714-658-1897
- Fax:714-847-4987
- E-mail:info@fimadevelopmentinc.com
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