Cash Flow & Payout

One line, one month: where the money comes from, what is deducted, what remains.

From Operating Revenue to Payout

The full account, published: where the money comes from, what is deducted, what remains, and how it is allocated. Every figure follows one basis and can be re-checked line by line.

Why this is not a pooled scheme: the only source for payouts and redemption is operating surplus — line revenue less on-site operating cost. There is no pooled fund, no maturity mismatch, and no arrangement paying earlier participants from later participants’ money. No production means no revenue; no revenue means no payout accrual.

One line · per month

104 t/month · London gold $4,490/oz · factor 0.9

Item	Amount	Share	Note
Monthly GMV	$276,587	100%	Per F1–F3
Less: on-site operating cost	−$156,587	56.6%	Labour, power, consumables, transport
= Operating surplus	$120,000	43.4%	Discretionary real cash flow
Payout pool 6.5%	$17,978	15.0%	Levied on revenue; 15.0% of surplus
Available for redemption	$102,022	36.9%	36.9% of GMV

24-month term (less 5-month build = 19 production months)

Item	Amount	Calculation
Cumulative GMV	$5,255,145	$276,587 × 19
Less: cumulative operating cost	−$2,975,145	$156,587 × 19
Cumulative surplus	$2,280,000	$120,000 × 19
Less: cumulative pool (GMV × 6.5%)	−$341,584	$5,255,145 × 6.5%
= Available for redemption	$1,938,416	$2,280,000 − $341,584

Redemption coverage

Entry discount	Redemption obligation	Coverage	Surplus
Lower bound	$1,416,000	1.37×	$522,416
Upper bound	$1,577,900	1.23×	$360,516

On the 120,000 USD surplus: it is after local labour, power, consumables and transport; it is before line equipment cost and depreciation. The 1,000,000 USD line investment is paid from raised proceeds and does not consume this surplus, so the full surplus is available for payout and redemption.

Payout ratio: the rate is fixed, the pool is not

Payout ratio moves inversely with raise size; the exact rate follows the executed agreement.

What is fixed is the rate, not the amount. Pool = that line’s total revenue × 6.5%, moving with output and gold price. Payout is not a fixed return, and three conditions apply: (1) the line reaches a full 1,000,000 USD; (2) revenue starts in month 6, with no accrual during the build; (3) revenue moves with price and output.

Large Individual Investor · Return Calculation

Single ticket 10,000 – 1,000,000 USD. Return has two parts: line distribution (accrued monthly) and maturity redemption (settled on the rights face value). The example below assumes 100,000 USD invested against a 1,000,000 USD raise.

Investment weight = subscription ÷ total raised from large individual investors — 10% in this example. Distribution moves with the raise size and actual revenue; it is not a fixed return.

Step	Calculation	Example	Note
①	Principal invested	100,000	Single ticket 10,000 – 1,000,000 USD
②	Lock rights face value at the agreed discount principal ÷ discount rate	per agreement	Discount is tiered by subscription size and set out in the executed documents
③	Line distribution annual pool × weight × 19 / 12	34,158	215,738 × 10% × 19 / 12
④	Maturity redemption face value × 1.1045 × 0.98	per agreement	Monthly accrual, quarterly compounding, less 2% redemption fee
⑤	Total at maturity = ④ + ③	④ + 34,158	Distribution plus redemption

Weight example	Annual distribution	19-month cumulative
10% (100k in / 1,000k raised)	21,574	34,158
12.5% (100k in / 800k raised)	26,967	42,698
16.7% (100k in / 600k raised)	35,956	56,931

Retail · Queue & Return Calculation

From 300U, on a queue basis. Meeting the queue or completing 3 valid referrals both unlock the 300-point redemption. What stays in your hand is a 2-year XAUg certificate.

Zero investment, hold the certificate: subscribe 300U → meet the queue → redeem 300U → principal fully recovered. What you end up holding is a 2-year XAUg rights certificate (face value 367.5U, redeemable for the equivalent in gold).

Item	Amount	Note
Subscription	−300U	Initial outlay
Queue met → point redemption	+300U	300 points granted when cells fill, redeemable for 300U
Net outlay	0	Point redemption covers the subscription
XAUg rights certificate (2-year maturity)	+367.5U	Redeemable for the equivalent in gold; certificate is kept
Result from zero investment	367.5U	0 outlay, holding a 2-year XAUg certificate

Holders who do not redeem points settle on the certificate face value at maturity. Point redemption is a one-off arrangement; once met, you exit the campaign and keep the rights certificate.

Solvency indicators

Static payback

8.3 months (from production)
13.3 months including the 5-month build
$1,000,000 ÷ $120,000

Surplus / line investment

2.28×
Over 24 months, excluding equipment residual

Payout share of surplus

15.0%
The other 85% serves redemption and capital recovery