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Happy Tycoon - Chapter 634

Published at 29th of September 2021 01:32:48 PM


Chapter 634: 634

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Hearing Guo Dabao's figure, Yang Jing couldn't help but be a little stunned.

Although he thought the ore body was not simple when he saw it with the heavenly eye skill, he really didn't expect that the gold mine named algura would be so awesome.

After the downturn of the previous two years, the copper price has begun to strengthen in the past two years. If the current copper price is about US $6200 per ton, 1.28 million tons of copper is worth about US $8 billion!

As for gold, if the current gold price is calculated according to US $40 million tons, 770 tons of gold is worth US $30.8 billion, while the price of molybdenum is now about US $36400 tons, and 40000 tons of molybdenum can be worth almost US $1.5 billion!

In other words, the total value of the mine exceeds $40 billion!

The cost of open-pit mining is the lowest of all mining methods. All gold mines in the world with a mining cost of less than 600 US dollars ounces are open-pit mines. Although algula mine is a copper gold molybdenum composite mine, except that the average grade of copper ore is slightly lower, the average grade of both gold and molybdenum ore can be regarded as high grade. Therefore, if taken together, the mining cost of this mine is absolutely not much higher. In terms of the current copper and gold prices, even with the early investment, the net profit of the mine can be at least more than 30%, even if it reaches 40% or even more than half, Yang Jing is not surprised.

It is well known that the profit of open-pit mining is much higher than that of tunnel mining.

Therefore, Guo Dabao said "yes", which is not bragging.

Even if it is calculated according to the net profit of 30%, after deducting 25% of the PNG government, Rongbao mining can have a net profit of nearly $10 billion in this mine!

Moreover, most of these metal mines have been mined for more than 15 years. Even if calculated according to the mining time of 15 years, this algula mine alone can bring a net profit of US $600 million to Rongbao mining every year.

This is almost equivalent to the profits generated by a large oil field with reserves of more than one billion barrels.

As for the ore body found in the Strait near Rabaul, Yang Jing estimated that it was even better than this algura mine, but what the seabed mine would look like had to wait until the preliminary survey results came out.

However, the seabed mine has been determined to be a silver gold platinum precious metal mine, so its value must exceed that of algura mine.

"Ha ha, Xiaojing, are you happy to hear this news?" Guo Dabao's boasting voice sounded again on the phone.

"Well, uncle Guo, you are so awesome!" Yang Jing also ridiculed Guo Dabao.

"Ha ha, it's not uncle Guo Niubi, it's your boy Niubi!" Guo Dabao didn't feel disobedient to Yang Jing's ridicule, but turned around and ridiculed Yang Jing.

Yang Jing shook her head with a bitter smile. Yang Jing can understand Guo Dabao's excitement. Guo Dabao hasn't come back for years. He has been staring at PNG. Now he has finally come out with such a huge achievement. Can he not be excited?

"Uncle Guo, is the survey fund OK? If it's not enough, I have it here."

"Ha ha, how could it not be enough? Your presence saved us more than 90% of the survey cost. Because of your accurate positioning, we have less than 50 exploration logs. Now we expect that a total of 20 exploration logs will be able to make the situation of the two mines similar. This alone will save us at least hundreds of millions of dollars. Xiaojing, this time You have done great service! "

Guo Dabao is not talking nonsense. Everyone knows that mining makes money, especially energy mines and precious metal mines. As long as they enter the mining stage, the mined mineral products will not worry about selling in the market.

But this mining is not to say that it can be opened. First, the survey right and mining right are the threshold to prevent more than 99.99% of people from entering the industry. Even if you obtain the survey right and mining right, how to find the ore body is a great difficulty for more than 90 people entering the industry.

Compared with obtaining survey and mining rights, it is the most difficult to find out the ore body.

Just like Rongbao mining, if it were not for Yang Jing, it would be absolutely impossible for them to find an ore body with an area of less than 0.3 square kilometers in a country with complex terrain such as PNG without spending hundreds of millions of dollars to survey.

One well logging needs about one million US dollars. If you want to accurately locate an ore body, it is almost impossible to drill dozens or even hundreds of well logging. Unless you take the dog, shit and luck, you can drill the well logging into the ore body at once.

In other words, the cost of exploration and logging alone will cost tens of millions of dollars or even hundreds of millions of dollars!

But now, with Yang Jing, Rongbao mining has almost touched the situation of the whole ore body after only six exploration and logging. As for the seabed mine near Rabaul, because the area is too large, it needs to double the number of exploration and logging to roughly understand the situation of the ore body.

The most important thing is that many times you spend tens of millions of dollars on mining exploration and logging, but you can't find the ore body! This situation often occurs in mining survey. The probability of spending money but not finding the ore body is much greater than the probability of finding the ore body.

This is why the survey cost of a mine often accounts for a large part of the whole early investment.

"Well, uncle Guo, if you're kind, we don't need to say more. If you need my help, just say it. After all, I'm also a member of Rongbao mining."

"Well, Xiao Jing, uncle Guo is even happier with you. But you haven't done anything recently. You've done the biggest thing. Let's do the rest. Just wait at home and collect the money."

Yang Jing smiled silently. He just likes the working atmosphere. He works hard when he should work, but no one cares about you when he should relax.

"Well, uncle Guo, if you have anything, just call me."

After hanging up the phone, Yang Jing told Ge Ge the general situation. Ge Ge Ge was also shocked when he heard that Rongbao mining had found a $40 billion metal mine in BAXIN. She knows that her husband's business is not small, but she really didn't expect that this "not small", the unit is 10 billion, or US dollars

My husband's business is much more than my mother's.

"Well, in the future, you can make money quietly, and I'll spend money quietly, okay?"

"This is no problem. You can buy whatever you like."

"Really?"

"Is there any fake? You're my wife. I'm making money for you to spend?"

"Well, can we build a villa next to the Forbidden City Square..." giggled the chicken thief.

Yang Jing:

Yang Jing finally understood a truth, that is, as a man, he can pet his daughter-in-law and love her daughter-in-law, but he must not hold ya to the sky, otherwise her heart can't even accommodate the solar system.

I'm still building a villa next to the Forbidden City Square. Why don't you buy the Forbidden City as a villa? Isn't that better? Save time to build a villa

Looking at her husband's dull face, gege laughed happily in exchange for Yang Jing's sad face and a sigh





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