Start with a Cat and Mouse Game

Chapter 1058: do the game

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Wells fell silent after hearing this, but it took two seconds to react.

Looking at Ashtar who was smiling in disbelief, his eyes widened and asked, "Mike, are you kidding me?"

Ashtar repeated the 8 ounces per ton words again, and Wells jumped straight from the plank bed in ecstasy.

He hugged Ashtar and yelled.

Speaking of this, Li Changheng thought carefully about the report that Cao Yanjun faxed to him, and it was hard to believe that Wells-Busan never doubted whether Ashtar was a fraud after that.

Born in a mining family and working in the mining industry for more than ten years, Wells is a senior practitioner who is more professional than ordinary people, even if he is not an expert in geology and mining.

But he didn't go deep into Ashtar's words, and he didn't personally stare at the samples and go to the laboratory in Jakarta to verify them.

But as soon as he got the news that each ton of ore contained 8 ounces of gold, after discussing with Asta for a day, he hurried back to the United States to find investors.

Thinking of this, Li Changheng became suspicious again, because Wells did not bring the ore samples back, but only brought the inspection report issued by a laboratory in Jakarta.

It's not that Li Changheng suspects that Indonesian scientists can make mistakes in the inspection of gold mine samples, but thinks in the mind of an entrepreneur who needs to attract investors.

The professionalism and industry recognition of Indonesian laboratories are definitely not as strong as those in the United States.

Gold mines are no problem, ore samples are no problem, and most people will bring samples back to the United States.

With the test report from the United States, let alone investment, the media will frantically chase and report him.

But Li Changheng still underestimated Wells. This guy is indeed a senior practitioner born in a mining family. After returning to the United States, he was not in a hurry to seek investment.

Instead, he told the news to the former employees of Busan Mining who had worked hard with their father.

Although few of these people are rich, they have already left their jobs because Busan Mining can't even offer their wages.

But this group of people are senior practitioners in the mining industry, and they really don’t know too many people in the same industry.

Soon news of Wells' discovery of gold in Indonesia spread.

At this time, Asta, far away in Borneo, sent back a second test report from the Jakarta laboratory in a timely manner.

Not only does it indicate that the gold reserves discovered in the mining area for the first time should be more than 1 million ounces, but the accompanying report on the gold content of the new samples also states that the gold content per ton is roughly between 8 and 10 ounces.

This time, the people who read this report are basically full of jealousy, and then they start calculating.

Based on just one million ounces of gold, the gold mine is worth $140 million.

Of course, when it is actually mined, even if the gold content is 8 to 10 ounces per ton, the mining cost is still not low.

But no matter how you calculate it, a profit of $50 million to $70 million is completely fine.

And as long as anyone who knows a little about it knows in their hearts, the gold reserves of gold mines will basically be higher than this number.

If you are unlucky again, there is a million ounces to bottom, and you will not lose at least the shares of Busan Mining.

Since there is no loss of profit, everyone wants to get shares from Wells before the news is completely spread.

Wells was very reluctant to sell at first, but due to lack of funds, he was unable to expand the number of drilling wells and find more mining areas containing gold.

Wells eventually had to convene the ex-employees of Busan Mining and split the company's shares into 100 million shares at $0.70 a share.

If it is only 0.7 US dollars per share, it is actually an underestimation of the value of the gold mine.

At the real-time gold price of $140 per ounce, if one million ounces is valued at 100 million, some mining groups are willing to buy them directly.

Because for a listed company, even if it only earns two or three thousand dollars after deducting the cost, it will have a great boost to the stock price.

Moreover, the price of gold is not only bullish, but it also helps giant gold mining companies to control the price of gold.

As a result, the benefits of mining gold are far less than those earned from the stock market.

Therefore, the former employees of Busan Mining basically did not hesitate about the offer of 0.7 US dollars.

In just a few days, the gold mine has not been mined, and there is no real equipment for mining, and it has made a paper wealth of 20 million US dollars.

As for the former employees of Busan Mining, there are basically no real rich people.

If it weren't for these people who are basically middle-aged people over the age of 3 or 40, they might not even have savings of several thousand or tens of thousands of dollars.

Of course, there are also people who are crazy to mortgage their houses, betting that the reserves of gold mines are far more than 1 million ounces.

Unfortunately, even so, Wells only got $700,000.

Paying 1% of the shares, but getting the first phase of funds to expand the exploration of gold mines, and the news of gold mines inevitably spread to more people's ears.

Afterwards, a reporter from the American "Gold Digger" magazine approached him for an interview, and even joked that maybe next year's Golden Pick, the highest honor in the ore industry, would be given to him.

Wells, of course, heard the reporter's words, implying that he was spending money to lobby the judges.

But Wells's mind was not on the awards at this time. As long as the magazine reported it, more people would pay attention to the gold mine.

And the fact is just as he expected. After the magazine reported it, it was still only a matter of communication between the mining industry and capital.

But some large mining companies were really eyeing Busan Mining at that time.

And the first shot was Black Mining, which had a good relationship with the old Busan.

The initial offer was $8 million to get 20% of the shares of Busan Mining~lightnovelpub.net~ This price is of course low.

But with the first large mining company to join, the news immediately went out to the ears of small and medium-sized oil mining companies in California, as well as some other mining-related companies.

Big companies and Wall Street are certainly not stupid. Even Black Mining requires samples from gold mines to be shipped back to the United States for testing.

Mike Ashtar then strongly objected to sending the samples to Blake Mining's testing agency, citing concerns that Blake Mining would deliberately lower the gold content of the analysis report.

But it will not work without testing. After compromise, the sample was sent to a third-party testing agency, and it was also tested by a university in Melbourne, Australia.

Li Changheng believes that even if he has not obtained it yet, whether the Australian testing agency has any evidence of problems, but the fact is that the inspector or the director of the agency has a high probability of being bought.

Otherwise, there will be no subsequent events.

Now that there is a report from a university, Ashtar is even more confident.

Once again, the testing party was relocated to the original testing agency in Jakarta, on the grounds that since an Australian university issued the same report, placing it in Jakarta would not only save costs, but also shorten the testing time.

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