Rebirth: Super Banking System

Chapter 2475: Chapter 2313: Too Expensive

Listening.

Qi Yi was a bit stunned.

What?

Myanmar Gold Group?

How could he not know about this company? It’s under the Myanmar Bank Group, specializing in mining gold. They’ve mined up to seven or eight thousand tons of gold in recent years.

Central Bank reserves.

Bulk sales.

Local transactions.

These three combined amount to an envy-inducing number.

Since 2008.

Three hundred tons.

Five hundred tons.

One thousand tons.

Plus last year, they sold another three billion in ’gold futures,’ just the bulk sales exceeded an astounding four thousand tons, this is gold.

Worth over one trillion RMB.

Whoa!

How could this be such a Jumbo?

However.

Thinking of the relationship between Tang Family and Myanmar, he got a clearer picture. More surprisingly, Myanmar found a gold mine in the shallow sea.

So.

His breathing became a bit rapid.

“Really?”

“Yes.”

Tang Qing nodded.

Qi Yi asked again, “How big is the gold mine reserve?”

“Not sure.”

Tang Qing shook his head and casually reminded, “This matter hasn’t been announced yet, please keep it confidential, or it’ll be very difficult for us to manage.”

“Furthermore.”

“According to the agreement, a week later, the Floating platform will be moved there. If there really is a big silver mine below, no need to rush, after all, it’s within the Exclusive Economic Zone.”

“It won’t escape.”

“Ultimately, it belongs to our country.”

“If willing.”

“You can place an order with our company to buy such a drilling platform, of course, you could also let some state-owned enterprises jointly develop a platform.”

This statement.

Helped Qi Yi and the others to calm down.

Indeed.

If it’s a big mine, it won’t run away. Whether to mine it now or later, the only issue is mining technology, and besides, it can be purchased.

So.

He asked a question.

“Boss Tang.”

“If we purchase, how much would such a platform cost?”

This question.

Was also asked on behalf of the department, as he didn’t pay much attention to the cost of the Floating platform before. The main reason being the belief that mining surface mines was sufficient.

Unexpectedly.

From the start.

It’s a grand opening.

A silver mine.

Still a high-grade one, how could one not be tempted?

Upon hearing this.

Tang Qing began to explain:

“It depends, size, displacement, and configuration vary, but the minimum won’t be less than ten billion RMB, and if it’s as big as the Floating platform.”

“Thirty billion RMB.” Tang Qing held up three fingers.

“What?”

“Thirty… billion?”

Qi Yi was stunned.

Around him.

Everyone in the observation group was also stunned.

Whoa!

So expensive? Thirty billion is such a large sum! In 2011, by the price index, how many buildings could you buy? How long an expressway could you build?

“Can’t do anything.”

“High cost!”

Tang Qing shrugged.

To this.

Qi Yi was very curious, “Boss Tang, isn’t thirty billion a bit too expensive? Did you spend that much when building the Floating platform?”

“Yes!”

Tang Qing replied matter-of-factly.

“Such large marine equipment, the research and development costs are extremely high. The key is the materials, stringent requirements for wind and wave resistance, stable operation.”

“Look.”

Saying this.

A document appeared next to Tang Qing.

Turned to a page.

“You being industry experts, what do you think such high-performance steel costs?” On this page, is the performance of a type of steel.

Upon seeing.

Qi Yi was slightly surprised, an approximate number sprang to mind.

“Sixty thousand.”

As soon as this was said.

Tang Qing smiled and said, “Correct, and this type of steel is used as balance and stable connectors, and watertight parts, the usage is extensive.”

“Therefore.”

“Just the cost of such steel for the Floating platform exceeds ten billion RMB, all other steel combined even more.”

“So.”

“Selling for thirty billion, do you think it’s still expensive?”

This.

Stumped Qi Yi.

Items.

Have a market price, if that kind of steel is really used so much, a hundred billion cost isn’t exaggerated. Because its performance is close to the deck of aircraft carriers.

Tens of billions were invested in it like playing.

Of course.

If truly purchased, the price might have a discount, but the total price definitely won’t be low. Regardless, Tang Qing won’t do a loss-making deal, don’t even think about it.

Around.

Everyone was also shocked.

First.

Shocked by the high price of buying such a platform.

Secondly.

Also shocked by Tang Qing’s quick move, even found a potential client, still for gold mining, a ten-percent share if a big gold mine is found.

Uh!

Everyone shook their heads.

Impossible.

In the world.

How can there be so many miracles? Although today is a miracle, they find it hard to believe Myanmar can find another big gold mine, the probability is too small.

Of course.

If not excavated, Myanmar Gold Group should offer a reasonable guarantee to prevent Tang Qing from losing money, otherwise, without any minimum guarantee.

Fifty billion in damages, based on what?

They speculate.

Myanmar Gold Group offers no less than a five billion starting guarantee a year, even ten billion isn’t impossible. No way around it, they have money.

…

Silver outlet.

Tang Qing saw Qi Yi in thought, smiled, and placed the silver piece back. The construction of the Floating platform, a little over a hundred billion, still internal cost price.

Steel.

Provided by Wan Qing Mining.

Technology.

Provided by Qingyuan Technology.

Thus.

The Floating platform isn’t solely owned by Qingyuan Technology but belongs to Wan Qing Mining. Qingyuan Technology holds forty-nine percent of the earnings rights, it’s jointly owned.

Doing business externally.

Naturally according to market price.

After a long time.

Qi Yi came to his senses, smiled wryly, “Boss Tang, it’s too expensive.”

“You get what you pay for.”

Tang Qing reiterated, “Not to mention, if this silver mine’s reserve is large enough, it won’t take long to earn back, this should be a win-win situation.”

“Right?”

Upon hearing.

Qi Yi couldn’t help nodding.

Indeed.

If this silver mine is large enough, high quality, earning back isn’t a concern, just the value of what was just excavated exceeds ten million RMB.

If mined all day long.

Continuously without sleep, that’s starting at one billion RMB.

One year.

Deducting maintenance time.

That’s bottoming at thirty billion.

In this light, it’s somewhat acceptable, it’s not the fear of high costs, as long as the return is high enough, the cost problem has never been a major issue.

“Then, please Boss Tang, explore the silver mine thoroughly.” Qi Yi deeply exhaled.

“Of course.”

…

Afterward.

Qi Yi transmitted the news back to the department, generally speaking, ministries and commissions aren’t responsible for mining, how much profit from mining has nothing to do with them, nor are there any bonuses.

But.

This silver mine is different.

If large enough, as the country’s land and resources management department, there’s an obligation to show concern, especially now that the whole country is watching.

Expectations are high.

Three hundred billion.

Their department can’t afford it, but just like not getting a share, purchasing wouldn’t fall on their department but rather on some state-owned mining enterprises.

No money?

Not enough?

Is that an issue? Bank is available.

All national companies, applying for a bank loan of hundreds of billions to buy a drilling platform, for those Jumbo Central Enterprises, this isn’t difficult to maneuver.