Dear Mr. Tan,
Thank you for your guidance and your "matter of fact way" of explaining things.
I stumbled upon oilpod.com recently. Basically you buy the rights to minerals in USA through oilpods.com. Your name gets registered as a mineral owner in the US. Your capital funds the hi tech exploration.They show geographical printouts of mines.
The company is Power Basin, listed in US. The payout is quite interesting:
* 0%: from 1 to 6 months
* 9% per annum: from month 6 to 12
* 30% per annum: year 1 to 3.5
Residue income from 3.5 years to end of economic life of mines abot year 12. This seems to be a great alternative for annuities.
REPLY
I am usually suspicious about investments of this type. I keep away from them, in case it is a scam. (Note: I do not make any judgement of this particular investment).
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