LPC's Bolivia infrastructure operates as an embedded consultancy within the country's licensed mineral export ecosystem — sourcing gold, silver and gemstone packages from licensed exporters, deploying via escrow against pre-negotiated Miami refinery purchase orders, and converting short-cycle working capital into compounding cash returns.
Access to off-market mineral packages from licensed Bolivian exporters before they reach OTC brokers or commodity houses.
Government-aligned partners ensuring transactions comply with Ministry of Mining licensing requirements and OECD responsible-sourcing standards.
Established freight and custody operators managing secure cross-border transit from Bolivia to Miami, with chain-of-custody documentation at every stage.
Pre-negotiated Miami refinery relationships providing a defined buyer for metal and gem flows — eliminating exit uncertainty and enabling disciplined IRR modeling at entry.
Direct exporter relationships allow LPC to acquire below OTC broker pricing — capturing intermediary margin that would otherwise be paid to commodity trading houses.
Dedicated quarterly review of all Bolivian licensing, export documentation, and U.S. import records under CCO oversight.
Independent assay at origin. All positions require entry below the Maximum Entry Price (MEP) at target Miami spot.
Export license validated; ASFI notification filed by exporter. No capital deployed prior to compliance sign-off.
Miami refinery PO or escrow confirmation received before Bolivia capital is released. LPC deploys via third-party escrow with staged release tied to verified export milestones. No advance capital to exporter under any circumstances.
Vetted freight operator takes custody in La Paz. Full cargo insurance at replacement value. GPS tracking throughout transit. Bonded Miami warehouse prepared. Escrow released upon verified dispatch.
Shipment arrives Miami; U.S. customs cleared. Bonded warehouse receipt issued. Reception assay vs. Bolivia assay reconciled within 48 hours. Variance above 2% triggers escrow holdback. Escrow fully released on confirmed reception.
Full escrow proceeds released to LPC. LP distributions within 30 days of exit closing. Co-investors receive direct deal-level return — no management fee, no carry on co-invest capital.
The illustrative trade below uses the base-case package size LPC underwrites: a $500,000 licensed gold/silver lot acquired in La Paz, exported under Ministry of Mining licensure, transported under insured custody to Miami, and settled into a pre-negotiated refinery purchase order.
| Cost Line | Amount | Notes |
|---|---|---|
| Mine-site / exporter purchase price | $500,000 | Below OTC broker pricing via direct exporter relationship |
| Independent assay at origin | $3,500 – $5,000 | Pre-deployment, third-party |
| Export licensing & OECD compliance pack | $2,000 – $4,000 | Filed by exporter; verified by Bolivia counsel |
| Logistics — insured cross-border freight | 3 – 5% of trade value | ~$15,000 – $25,000; GPS-tracked, full replacement cover |
| Miami refinery fee | $5,000 – $8,000 | Per agreed PO |
| Legal & escrow administration | $4,000 – $6,000 | Third-party escrow agent + US/Bolivia counsel |
| All-in deployed cost | ~$530,000 | Fully loaded, escrow-released against milestones |
| Scenario | Hold | Refinery Settlement | Gross Return | Approx Net to LP |
|---|---|---|---|---|
| Bear | 150 days | $575,000 | ~20% gross (annualized) | ~14% net |
| Base | 90 days | $625,000 | ~38% gross (annualized) | ~30 – 32% net |
| Bull | 75 days | $680,000 | 55%+ gross (annualized) | ~44% net |
Scenarios reflect variation in commodity spot at settlement, hold-period extension, and assay reconciliation outcomes. The Bear case assumes a 60-day hold extension and modest spot drift; the Bull case assumes settlement inside the 90-day plan with no assay holdback. All figures are illustrative and not a forecast.
Bolivia trades exceeding $1.0M may be syndicated to qualified LPs as co-investments at the same per-unit entry economics — without Management Fee or Carry on co-invested capital.
Bolivia is a top-five global producer in multiple critical and precious minerals. Local exporters require working capital between mine-site purchase and refinery payment — a 60-to-120-day gap that Western banks have largely exited under emerging-market de-risking pressure. Three forces converge to create the opportunity:
| Force | Implication for LPC |
|---|---|
| Rising end-buyer demand for documented mineral provenance | OECD-aligned, chain-of-custody-tracked flows command premium pricing and faster settlement. |
| Western-bank de-risking from emerging-market commodity finance | Reduced competition for working capital deployment; pricing power on entry. |
| Experienced local execution layer ready to operate under institutional discipline | LPC's licensed exporter network combines on-the-ground capability with US fund infrastructure. |
Public customs records show consistent, multi-year, multi-counterparty gold flows from licensed Andean exporters into US importer-refiners. The corridor LPC plans to operate in Bolivia is the same structural pattern observed today in Colombia, Peru, Ecuador and Nicaragua — small-to-mid kilogram dore and bullion shipments cleared through US customs to Miami-based refiners on a defined cadence.
The companies and figures below are third-party trade activity sourced from public customs records via Vujis. They are presented as comparable corridor benchmarks validating the structural opportunity LPC underwrites. None of the companies named in this section are LPC counterparties, partners, or commitments. LPC's own counterparty stack is engaged separately under the framework described in the Governance & Compliance section.
| US Importer | Shipments | Import Value | Origins | Typical Shipment |
|---|---|---|---|---|
| WPM INT LLC (US) | 13 | $5,096,948 | Colombia (11), Nicaragua (2) | 2.4 – 20 kg gold; $164K – $1.62M |
| NAKA PRECIOUS METALS CORP (US, Miami) | 9 | $3,848,474 | Ecuador (5), Peru (4) | 3.8 – 10.3 kg gold/silver dore & bars; $211K – $970K |
Two named importers shown for comparison purposes; broader corridor includes additional US refiners not enumerated here.
| Exporter | Origin | Observed Shipments | Product Profile |
|---|---|---|---|
| Comercializadora Orocol S.A.S | Colombia | 11 | Gold in unwrought forms (non-monetary), 2.4 – 2.82 kg per shipment |
| Ramcoperu E I R L | Peru | 4 | Gold dore (Au 83.32% / Ag 11.85%) and silver bar (99.00%), 5.84 – 10.3 kg per shipment |
| Serrano Sarmiento Carlos Adrian | Ecuador | 2 | Gold ingots (lingote de oro), ~3.8 kg per shipment |
| Excargold S A | Ecuador | 2 | Solid gold bars, 6.01 – 8.15 kg per shipment |
| Argo Trading Sociedad Anonima | Nicaragua | 2 | Gold in unwrought forms, 15.78 – 18.07 troy oz / ~20 kg lots |
| Compania Grumintor S A | Ecuador | 1 | Solid gold bar, ~4.85 kg |
| Observation | Implication |
|---|---|
| Multiple US-domiciled importers are sustaining repeated kilogram-scale gold shipments from licensed LatAm exporters. | The Miami-refiner exit channel LPC underwrites is structurally active — not theoretical. |
| Per-shipment values cluster between $164K – $970K, with the densest band at $170K – $230K (Colombia flow) and $210K – $645K (Ecuador flow). | Closely matches LPC's stated $250K – $500K base-case Bolivia trade size — the working-capital cycle LPC targets is the same cycle visible in the data. |
| One exporter (Comercializadora Orocol) shipped to a single US importer at near-monthly cadence over 24+ months. | Validates that long-duration exporter / refiner pairings are achievable once licensing, KYC, and assay reconciliation are in place — the operational state LPC is building toward in Bolivia. |
| Bolivia is not represented in this dataset despite being a top-five global producer in multiple precious and critical minerals. | Reinforces the structural-gap thesis: comparable corridors clear through US refiners; Bolivia's flow remains under-formalized at the institutional capital layer — the gap LPC is positioned to fill. |
Data source. Aggregated from US import customs records observed via vujis.com. Figures are point-in-time observations and may be incomplete relative to total corridor volume. Companies named are public commercial entities; their inclusion is for comparable-flow analysis only and does not imply any commercial relationship with Livio Payne Capital LLC.