Xie Sipeng and others have calculated the shallow reserves of the Qionai Gold Mine. Based on the current gold price, mining by the end of next year will bring them a profit of three million US dollars. They have done a good job in exploring the deep reserves of the Qionai Gold Mine.

It is very limited, with very few proven reserves, but theoretical reserves may be up to ten tons.

Their own expectation for the Qionai Gold Mine is US$10 million.

Cao Mo just smiled and said that he would help them convey this meaning, then he patted his butt and went back to his room to sleep.

Over the past year or so, Cao Mo hired an exploration company and cooperated with Oyo State College and domestic research institutions to conduct in-depth investigations and studies on the geological formation of the area north of the Lukaku River. It was not limited to Ibo.

The ancient gold mine is located in the mining area of ​​about 200 square kilometers on the upper reaches of the Gray Crow River and the Yibo Ancient River.

Research shows that the northern part of Lonta and the Oguta mining area located in Benin and southern Porto Novo have relatively good mineralization geological conditions. This is related to the folded mountains formed by volcanic magma eruptions in this area in the early years. The underground folded rock formations have gold reserves.

Quite a lot, but the mining is difficult, the minerals are low, and the comprehensive mining and refining costs are relatively high.

However, when the international gold price has been running below US$400 per ounce for a long time in the past two to three decades, the gold mineral resources here will inevitably not be taken seriously by international gold mining companies - after all, if costs are not considered, the earth's gold reserves are huge.

Unimaginable.

At the beginning of this year, the international gold price exceeded US$700 per ounce, the highest peak in 20 years, but has since declined.

Even if most analysts in the industry do not believe that the international gold price will continue to fall sharply, no one will think that the international gold price will further rise sharply. The mainstream opinion still believes that the gold price will be at US$600 per ounce.

It fluctuates left and right for quite a long time.

Therefore, those gold mines with a comprehensive mining cost of more than 600 US dollars per ounce still do not have investment value in the eyes of investors; not to mention investing in mining, they will not continue to invest in more in-depth exploration.

Xie Sipeng and others did not build a refinery, so the comprehensive mining rate was low. For the same gold mine, the comprehensive mining cost would increase by 20 to 30%.

Cao Mo built a refinery in Yibogu, and the mining area and factory were completely localized. He was able to reduce the comprehensive mining cost of deep rock gold to about US$500 per ounce, but Xie Sipeng and the others were completely unable to do this.

.

In other words, no matter how much deep reserves there are in the Qionai Gold Mine, let alone theoretical reserves of about six or seven tons, even if there are proven reserves of hundreds of tons, it is of no value to them.

How could Cao Mo pay an extra $7 million for this?

Furthermore, Cao Mo really wants to expand the mining area of ​​the Yibogu Gold Mine. The Qionai Gold Mine, which currently only has a mining area of ​​60 square kilometers, is too small. He might as well concentrate his resources on the Oguta Mining Area, which covers thousands of square kilometers.

Increase investment in exploration.

Cao Mo left Xie Sipeng and the others alone for two days, but Yang Deshan couldn't keep his temper and found an opportunity to catch him and question him about his decision.

Of course Yang Deshan knew that Cao Mo was the real controller of the Felician family gold mining company, and his most important personal investment at the moment was in the Qionai Gold Mine.

Whether Cao Mo is willing to take over Xie Sipeng and Xu Sheng's equity in the Qiao Nai Gold Mine has a great impact on him.

Yang Deshan is currently working at Conero Lake Industries

Park, Cornero Energy has investments, and also holds the most important position. It is impossible for him to leave Lonta and go elsewhere, which also determines that he cannot and has no intention to cash out from the Jonai Gold Mine.

He is more concerned about whether the Qionai Gold Mine still has development potential and possibility after the superficial rock gold is mined by the end of next year.

Of course, in addition to the initial investment costs that have been recovered, Yang Deshan's dividends from the Qionai Gold Mine have also accumulated to more than one million US dollars, and there will be at least millions of US dollars in dividends in the future, which is enough from an investment perspective.

, but the question is who would complain about having too much money?

Besides, compared to Cao Mo, what does making this little money mean to him?

"The little deep reserves that have been proven in the Qionai Gold Mine, even including the theoretically estimated reserves, are not worth investing tens of millions of dollars to open a new operation area alone," Cao Mo and Yang Deshan didn't have anything good to say.

Concealed, he said frankly, "We are currently investing heavily in the exploration of the folded mountains in Benin on the northwest side of Lonta. The licensed exploration area also covers thousands of square kilometers. If we can find something, the gold mining company will focus on the follow-up

Will be in Benin..."

"If the three small mining areas adjacent to the Qiong Nai Gold Mine can be packaged and acquired, is it worth opening a new deep operation area?" Yang Deshan asked.

After the Qionai Gold Mine has completed the mining of shallow rock gold, only by opening a new deep operating area can his share of the equity continue to generate profits. Otherwise, mining operations will be stopped because there is no investment value. The Oyo State Government

The license granted will also be terminated early.

However, opening a new operation area that goes deep into the underground sedimentary layer would require an investment of at least 800 to 10 million US dollars. This was an investment that he could not afford and did not dare to make.

On the one hand, Cao Mo has abundant funds. On the other hand, having a refinery can increase the comprehensive mining rate. At the same time, the Felician Family Gold Mining Company has completely implemented localized management, and its manpower and corresponding management costs are also lower than them.

Big cut.

"Your share can remain unchanged, and it can be directly transferred to the Felician Family Gold Mining Company. However, including the Qiao Nai Gold Mine, the nearby mining areas covering an area of ​​​​200 square kilometers will be taken over. The most I can offer is

Give them 10 million US dollars," Cao Mo put his hands on the back of his head and looked at the blue lake outside the terrace. He said with some reluctance, "Grandma, Xie Sipeng and the others have already made a lot of money. In the end, everyone can still earn from it.

I took away one or two million dollars in cash from here, and when you think about it, they are really flattering!"

"If you pay 10 million US dollars for the acquisition and add another 10 million US dollars for equipment investment, you can double the reserves and mining scale of the Ibogu gold mine. It is not a loss-making business. There is no need for you to be angry.

!" Yang Deshan persuaded with a smile.

…………

…………

The quotation given by Cao Mo was not high. It was equivalent to paying them in advance the profits that could be mined from the superficial gold mines and the residual value of the equipment based on the current international gold price. It did not involve the issue of deep reserves at all.

However, Xie Sipeng and others knew very well that after alluvial gold and shallow rock gold were mined, subsequent mining would require heavy asset investment, which was no longer something they could handle with their capital.

The volatile situation in Kanem also made him dare not bet all his wealth on one project.

If that were the case, if he were not careful, he would go bankrupt and lose all the capital he had worked hard to accumulate in half his life.

Now sell off the equity of Qionai Gold Mine

, it feels like a loss, but it is a kind of compensation to be able to extract the remaining profits and equipment residual value one to two years in advance and transfer them to the currently booming iron ore trade; besides, domestic private financing costs are early

It's already as high as about 20%.

Investors in the three mining areas adjacent to the Qionai Gold Mine do not mind exiting early after weighing the considerations.

They are not eligible to participate in the iron ore trade, but placer gold mining in Akwa is currently booming.

Due to restrictions imposed by the Akwa military government, the scale of placer gold mines cannot be expanded, but the mining costs are extremely low. If you invest millions of dollars in equipment in two to three small mines, you may be able to earn back in two years.

Originally, the income was much higher than staying at Longta.

At this time, they were more willing to switch to Akwa.

Yang Deshan came forward to broker the deal, and by early September the acquisition agreement was quickly concluded. The Felician Family Gold Mining Company acquired 70% of the equity of the Qionai Gold Mine and three other small mining areas for US$9 million, converting Ibogu to

The mining area of ​​the gold mine expanded to 400 square kilometers.

In addition to acquiring funds, adding a deep operating area in the Qionai gold mine, and widening the sand and gravel road on the north bank of the Luchuanjiao River connecting the Qionai gold mine to the refinery, the Oguta mining area in Benin will be proven by mid-September.

The gold reserves reach two tons, and the theoretically calculated potential reserves are as high as ninety tons, which already has investment value. After obtaining the 20-year concession mining right from the Benin government, it needs to be mined in Augu within the agreed time.

Tower Mine will build a new gold mining operation area and an independent refinery.

Cao Mo teamed up with Abacha and Ochosan to inject a total of US$35 million into the Felician Family Gold Mining Company at one time, raising the registered capital of the gold mining company to US$60 million.

This capital injection, Cao Mo mainly completed it through Tianyue International, almost using up all the cash Tianyue International obtained through the equity exchange in the early stage; he also used this capital injection to acquire 80% of the equity of Felician Gold Mining Company.

, directly transferred to Tianyue International.

Yang Deshan's equity in the Qionai Gold Mine was eventually amortized to the gold mining company in exchange for 3% of the equity; the Felician family shared 15% of the equity with Abacha, and another 2% of the equity was allotted to Card.

Bugia, Lucy, Wendy Scarf and other senior managers with partner qualifications.

Calculating purely based on capital, Yang Deshan got 3% of the equity of the gold mining company, which did not take any advantage. Unlike Xie Sipeng, Xu Sheng and the others would have been happy to just take away 1.5 million US dollars each, but considering Yibo's

The reserve potential of the ancient mining area and the Oguta mining area, taking into account Felician Gold Mining Company's accumulation of various local resources, this capital increase is officially moving towards large and medium-sized rock gold mining groups. Yang Deshan feels that he will exchange gold mining companies for 3

% equity is worth it.

Of course, he was not without worries.

After mid-September, the international gold price fell below US$600 per ounce, with the lowest even reaching around US$560. If the gold price falls further, the deep rock gold mining in the two mining areas will not only be profitable, but will even incur losses.

.

Xu Sheng and the others moved to Akwa to mine placer gold and make huge profits. They stayed in Longta to mine rock gold. Not only did they not make any money, they also incurred losses. This feeling must be extremely uncomfortable.

Cao Mo felt nothing.
Chapter completed!