Few mines start and go to full production without outside venture cash = you sell shares, lose part of the control, but use their money to ramp up production. I

Few mines start and go to full production without outside venture cash = you sell shares, lose part of the control, but use their money to ramp up production. It depends on what you want to do. Bootstrapping from a zero start needs after tax $$. As you start digging you start to sell metals and also pay your taxes, so the ramp up is slowed by the taxes. You can sell $10,000,000 in shares, so now have $10 million and the investor has some paper shares. No taxes are due yet, but you can build a $10 million mine and be in production and make $10 million annually for 60 years, It might cost $3 million for all costs = $7 million profit x 28% taxes ~~= $2 million in taxes and $5 million to divvy up with the shareholders, each and every year for 60 years = you choose. There are venture capitalists for mining IPO's as well as Wall Street IPO's. You pick what you know best.