Since Charles is not against it, then the matter is already half settled.

Naturally, it was impossible for Wei Li to stay in Wickham Town, slowly grinding his skin with him, and slowly discussing those details.

Westerners know that after the boss and the top management have negotiated the general framework and conditions, they can simply leave the negotiation to their professionals, who will be responsible for the final refinement.

As president of Kirin Mining, Wei Li has more important things to do.

That's prospecting!

Find a large amount of iron-rich ore!

Yin Jun has circled 100,000 square kilometers of land and paid tens of millions of dollars for prospecting rights, so Wei Li doesn't want to delay for a day.

If the ore vein mine is found out one day earlier, then the less pressure Yin Jun will have, and the greater his credit will be.

He wasn't clueless, either.

Yin Jun had already told him that in the demarcated prospecting area, there was a town called Christmas Creek, which surrounded this town, and the radius of that stream was hundreds of miles to focus on exploration, and there would definitely be results.

Wei Li didn't know where Yin Jun got the news, but he definitely wouldn't believe that it was Yin Jun's guess.

I thought that someone had discovered something before, and Yin Jun secretly knew about it, so he dared to come to prospect with such fanfare.

This also explains why Yin Jun is so confident.

Although Wei Weili himself knows that it is a bit unreliable, in order to strengthen his belief, he is still willing to choose to believe.

For the past two months, Wei Li has actually been preparing for this.

Now that everything is in order, the prospecting experts from Brazil, Germany, Australia and other countries, as well as as a dozen prospecting engineering teams, have been gathered, and all kinds of prospecting equipment and facilities are also available, so Wei Li wants to go back to preside over the prospecting work.

If the prospecting area is narrowed down to 100 kilometers, then the detection is much less difficult.

Whether it's a mountain range, or an underground mine, with so many modern tools, so many experts, and one piece of land being dried, like ploughing land, or even digging three hundred meters into the ground, Wei Li doesn't believe that something will come out sooner rather than later, if there is one.

In fact, the most interesting thing in Western Australia, and even Australia, is the 100,000 square kilometers of exploration area of Kirin Mining Company.

Australia is very large, with a land area of more than 9 million square kilometers and a population of just over 30 million.

And there have been many companies that have applied for a larger area of land than this before to prospect.

So 100,000 square kilometers of prospecting rights is not an exaggeration for them at all.

But Yin Jun, a novice, is so generous when he comes up, which makes people look a little sideways.

Not to mention the 100,000 square kilometers of land, in fact, in the past ten years, there have been 50,000 square kilometers, which have sold prospecting rights, but those companies have nothing to gain, and finally have to give up.

These companies also include super companies such as BHP Billiton and Rio Tinto, which are among the biggest giants in the iron ore industry.

There are countless experienced prospecting experts, countless advanced prospecting equipment giants, there is no harvest, you a grass-created miscellaneous team, you can find?

You know, prospecting is not such a simple thing, it involves too much professional knowledge and a lot of hard work.

Usually, it takes one or two years, three or five years, or even seven or eight years for the exploration of a mining area to be finalized.

Many companies have been exploring one place for more than ten years and have nothing, which is all too common in all kinds of prospecting activities.

If you don't get anything from prospecting, you will not only consume the daily cost of human resources and equipment, but also the accumulated cost of prospecting rights.

There are many companies that collapse after such a prospecting failure, two prospecting failures, and three prospecting failures.

Only supergiants such as BHP Billiton, Vale, and Rio Tinto have the strength to withstand two or three failures, three or five times.

But even they have become cautious about prospecting, and it is impossible to have any large-scale exploration rights of 100,000 square kilometers.

As a result, these giants only met and discussed two or three times, and then completely gave up their interest in Kirin Mining Company.

In their opinion, you are doomed to fail the project, what is the use of me careging?

Be.

You Yin Jun is rich, and you have a net worth of billions of dollars, and if you go public, you can reach tens of billions of dollars.

But 100,000 square kilometers of prospecting is completely a black hole that swallows gold!

If hundreds of millions or billions of dollars are thrown into it, the splash may not be able to splash.

What's more, this 100,000 square kilometers of land, several giants have also explored, and the conclusion is that there can be no large-scale mine veins, let alone more than 50% of the rich iron ore.

At present, the mines in the Pilbara are at least about 55% ore, generally 60%-65% super bonanza, and those below 55%, they do not bother to mine, just mothball, skip it, and wait for the bonanza to be mined.

In the eyes of these giants, less than 50% of iron ore costs too much, and even if there is, it is not cost-effective to mine it now.

After all, iron ore is cheap now, and for every dollar they add to the cost, they make a lot less.

If Yin Jun goes to mine this kind of iron ore, he won't think about making money for ten or eight years, and it's not bad to barely keep his capital.

The idea of these nouveau riche, in Yin Jun's view, is purely that the hungry man does not know the hungry man.

Let's take a simple example.

At present, the dividing line between rich and poor iron ore in the world is 50% content.

It means that the iron ore in the entire mining area, the iron ore powder analyzed, the content of more than 50%, is rich iron ore, and the content less than 50% is poor iron ore.

The standard of Western Australia is not the same, less than 55%, or even less than 60% of the iron ore, everyone is reluctant to mine, disgusted with too little iron. - The world's largest iron ore mine in Brazil and Bolivia is even more exaggerated, with iron ore veins below 63% grade, which are not counted at all, and are temporarily sealed as waste.

God is pitiful.

In China, as long as the mine vein reaches 30% iron content, it can be called iron-rich, and usually the iron ore in Huaguo is about 15%-25%, which is very barren.

Therefore, later, when Huaguo began large-scale development and construction, it would be so urgent to demand iron ore in Western Australia, and it would continue to push the price of high-speed rail ore and continue to be slaughtered.

No way.

95% of the metals consumed in industrial production are steel.

As big as China, iron ore is absolutely indispensable if it wants to develop.

Therefore, not to mention 65% super iron-rich ore, even if it is about 50% iron ore, it is incomparably precious in Yin Jun's view, and it has full mining value.

Even if it will lose money for three or five years at the beginning, in the long run, it will definitely be a gold mine!

Moreover, the iron ore on this side of Christmas Creek, Yin Jun remembers very clearly, is a very high-quality low-phosphorus iron ore, with an iron content of 58%-62%, and there will be no more than 10 mine veins that can surpass it several times around the world.

There is also the Broken Cloud Mining Area, which also belongs to the Chichester Mining Area, and the King Mining Area and the Fire Tailings Mining Area, which belong to the Solomon Mining Area 200 kilometers away, have an iron content of no less than 58%!

Such an overall iron ore of no less than 8 billion tons is enough for Yin Jun to mine at full power for 50 years!

Once the situation is opened from Christmas Creek, it will not be iron ore, it will be gold!

However, if you want to turn iron ore into gold, it will definitely cost you a lot.

The construction of Wickham Port alone will take at least three years and will most likely cost more than $300 million.

Then the two major mining areas in Yin Jun – the Chichester and Solomon mines – the railways and roads between them and Wickham – are about 600 kilometres long.

After 1997, with the continuous development and construction of railways, the quotation for building a one-kilometer railway in Huaguo was about 100 million yuan for the cheap labor in Huaguo.

Western Australia is a sparsely populated state with no mountainous areas, so construction is not difficult.

The current price is not 20 years from now, and without calculating profits, the average calculation of roads and railways will be about 3 million US dollars.

But even if it costs $3 million per kilometer, the overall investment in highways and railways will reach $1.8 billion!

$1.8 billion is just road traffic.

The construction, safety and disposal of the mine, as well as the power plant and water plant necessary for the mine, are missing $500 million and cannot be taken at all.

In addition, the prospecting right is not to mention, after the prospecting right to explore the iron ore, the annual mining right fee, tax costs, is a large amount of expenses.

Scattered together, 5 years, spending 3 billion US dollars on Kirin Mining Company, that is not much at all.

The ore industry is not the kind of industry that produces fast and makes money quickly, from the beginning of trial production, to the later to reach the profit and loss point, and finally to start stable profits, it will take at least three years.

This is still the case that Yin Jun mainly supplies steel factories to Japan and South Korea, and then can also open up the heaven and earth line in the mainland.

There is a huge demand, and it can be said that it will start to make a profit after 3 years.

This means that it will take at least six or seven years for Kirin Mining to start making a profit.

Profit doesn't mean that the $3 billion invested can be returned.

The profit mentioned here is that the daily output is greater than the daily input, but at present, all the input in the early stage has not been counted!

If you want to earn back $3 billion, there is not much opportunity, and under normal circumstances, let's see if it will work in 5 years.

Fortunately, this is still a low-phosphorus bonanza, and if it is replaced by those high-phosphorus iron ores in China that are at most 30%, the time spans 10 years, and it may not meet expectations.

Yin Jun has now entered the industry in 83 years, which is a very good time.

In the past, Huaguo did not join the iron ore investment in Western Australia, and the famous Nacha iron mine had half of the shares of China Metallurgical Company, and people came in in 88 years.

Unfortunately, subject to various conditions and various expenditures, it can only provide 300-5 million tons of high-precision iron ore to China every year.

Compared with the huge and frightening demand in China, there are only a few million tons, and there is no wave at all.

In 2003, China imported 150 million tons, and since then, the volume has been soaring.

By 2016, China's iron ore imports had exceeded 1 billion tons!

The four mining areas owned by Yin Jun are probably depleted by 2030 if they are fully exploited.

But the teenager won't be too flustered.

A business can be done for about 50 years, what do you have to regret?

For example, online shopping, don't look at Alibaba and JD.com, after 10 or 20 years, it will be defeated by another more advanced shopping method, which is a question!

Therefore, it is good to think about the future, but you should not lose the courage to move forward because you look too far.

Doing a good job now, doing what you should do well, and then thinking about other things, is the right action!