The Ten Sleep Gypsum mine is the largest high purity gypsum resource in North America, estimated at slightly more than one billion tons, on five mining claim groups. The claims total almost 17,000 acres of which 9,725 acres are underlain with gypsum. These gypsum deposits are secured by 108 association mining claims. All claims were staked before 1990; are properly located; and assessment work has been performed.
LOCATION: The project mining claims are located in Big Horn County, Northern Wyoming, near the town of Worland (17,000 acres)
NET VALUE: The project’s net value is based on the estimated 1 Billion core ton gypsum deposit located within the 17,000 acre project.
The mine has an estimated value of over $23 Billion based on the CPA Appraisals according to the US Geological Survey, Mineral Commodity Summaries, January 2009. Another appraisal stated the conservative figure of: "a net appraised value of at least $11,516,560,000" (Charles R. Kozak Attorney at Law)
ASKING PRICE: $225,000,000
The project is the largest in North America, with purity of 98%. A natural gas processing plant is located approximately 15 miles from the property and, thus, provides a cheap energy source. Also of particular relevance, the property holds one of North America’s largest sulfur deposits, containing more than 180 million tons, at 18% contained value.
There is excellent potential to develop large measured reserves -- within this resource -- by drilling and trenching known zones of thick massive gypsum beds, with minimal overburden and waste. In addition, it is possible to produce several value-added products from Natural Gypsum with high values including: sulfur, sulfuric acid, soda ash, ammonium sulphate, calcium chloride, and sodium hydrosulfide.
There is one sole owner of the mineral rights.
All Claims are current.
No encumbrances or liens.
Letters from the U.S. Bureau of Land Management (from the Rocky Mountain State involved), certify that the Mining Claim is considered Real Property and can be sold.
Receipts from the Department Of The Interior and U.S. Bureau of Land Management (from the Rocky Mountain State involved) state that all Mining Claims Maintenance Fees have been paid.
Why is it for sale?
The owner of the mine passed away of cancer and all claims were transferred to his wife (our client) who is not competent in mining and is overburdened by medical bills.