Anyone ever seen that movie Gold? With Matthew Mcconaughey? The real gold was the investors in the gold mining project.

That in mind, the first red flag that is obvious is the "First in the World" (btw world doesn't need to be capitalized...) But this guy might be new to crypto so he doesn't remember that this crypto model was probably most commonly known through uro then some random gold pegs came later. So maybe that isn't a red flag, we will chalk it up to OP being new to the scene.

I really want to focus on the land.

There are many aspects that go into surveying a plot. There are also many securities that need to be in place to assure that the assay was not tampered with during any part of the process. I see none of that coming out of a russian run zambian gold mine registered in china. Especially from a company that can't SEO their company site higher than a blog about how their company ripped some people off in zambia. But the article also demonstrated that the land that is said to be owned is under dispute assuming that I am researching the correct company from Aleksandr Ogloblin or Glebov.

https://www.dailynation.news/kasempa-community-cheated-out-of-mine-deal/

Now the testing side of it is done by a company called SGS who is legit but they do not ensure that what they are testing is not tampered with during transport from whatever site to their labs. So imo there are no assurances here for any actual assets. At least with some of the other gold pegs they attempted to keep reserves. This just seems like an ico version of the movie "Gold" that just got put on Netflix, which is a great movie but sad to see so many people get ripped off. So don't get ripped off people!

Also, what would ever be the incentive for the dev to buy back gmt after the whole cycle? There is no motivation for them to do that.