Chapter 22: The Birth of the Super-Rich
"It's September, and the Great Northwest is about to usher in a blizzard. Gold diggers who want to hear the radio should pay attention, if you need help, please call the emergency number XXXX...... Also, my partner is back. He resigned from the radio station and found 500 ounces of gold in just one month. Of course, this is a common takeaway for their team. Next year, they're going to ramp up their mining, and it's a real gold ......," Whitehorse Radio.
……
As soon as it was dawn, there was a stupid call from Mo Fan's house.
The dog thing is very energetic, especially now that the weather is cool, this guy is barking on time every morning, making noise.
Mo Fan got dressed and knocked on Mo Yu's room: "Cuttlefish, I'm out, the meal is stuck on the table, wake up and go eat by yourself." ”
"Well, got it. Mo Yu opened his hazy sleepy eyes.
Mo Fan didn't go to bed until after 1 o'clock yesterday because he watched the aurora with him.
September is already the best day to see the aurora, and yesterday the weather was clear. The aurora appeared at first a turquoise color, as if silk hung in the distant sky, and then changed color, the streamer flickered, floating above the horizon, and it was extremely beautiful.
To manage a mine with nearly 100 people, Mo Fan was very busy, and basically traveled by helicopter......
Thinking of this, a bitter smile appeared on the corner of Mo Yu's mouth.
I didn't know that being a miner was so hard before, but after seeing the lives of other miners these days, Mo Yu didn't know what it was like in his heart and wanted to cry. Think about Mo Fan when he left home and went to Canada, he was only 18 years old, and entered the gold panning industry at the age of 20......
A few days ago, Zhang Dong and the others came to a party with Mo Fan again, chatting about interesting things in high school, and also talking about Mo Fan's first love.
Mo Fan drank a few more glasses that day and said that the luckiest and most regretful thing in his life was that he regretted not going to college, and he was luckiest not to go to college. In their chat, they knew that Mo Fan's first love studied very well, and he was originally admitted to two key universities, because Mo Fan gave up the second university and chose the three schools that Mo Fan was admitted to. How do you know that Mo Fan gave up college......
At the beginning, the family was too poor, and if Mo Fan didn't come out to work, he and his second brother might not be able to go to college......
……
Mo Fan went to the restaurant to get breakfast and flew straight to Dawson.
Initial exploration results from the mine have come in, with 937 tonnes of gold reserves, a rare high-grade open-pit imported gold mine, the most valuable gold discovery in the world in the last three decades.
At the current price of gold, the total value of 937 tonnes of gold is close to US$40 billion.
Mo Fan is ready to sell the big mine or sell part of the big mine, and mining the super gold mine is not something that Mo Fan can play. And if you have money, it's not better to enjoy life, there's no need to exhaust yourself.
Buy a small island and live a quiet and comfortable life that you like.
Only the big mines are transferred, and there are many gold belts formed by ancient rivers in the Great Northwest Gold Mining Area, which will be left by themselves and professional managers will be hired to manage the mining.
Mo Fan of the Great Mine was transferred to a new company, the Great Northwest Gold Mining Company. Mo Fan is ready to sell the company and has already obtained the consent of Yukon Mining Resources.
According to the bank's asset assessment of the Great Northwest Gold Mining Company, the company's fixed assets are $20 billion.
The gold reserves of gold mines are $40 billion, but mining gold comes at a cost, as well as government taxes, and it takes time. If Mo Fan mines by himself, it will take at least a few decades to complete the mining of this gold mine, and finally make a profit...... According to the gold price in recent years, it should be around 23 billion.
Mo Fan first met with the team of investment advisors he had hired, and then met with representatives of various companies interested in the gold mine to accept their offers.
Great Northwest Gold Mining Company has 100 shares, and according to the bank's assessment, the value of each share should be 200 million. In fact, no one wants to pay such a high price to buy, buying gold mines is to make money, if you subscribe at the appraisal price, it is better to invest in other industries.
Mining companies offer the lowest, between $35 million and $45 million per share. Banks and major investment funds offer the highest prices......
Transactions are paid in stock and cash.
Mo Fan hired a team of lawyers and investment consultants to select the offers. If there is a stock transaction, it is necessary to consider the company's later development momentum, after all, a large amount of trading, and the traded stocks have a cash out period.
……
It's winter, and the first heavy snow falls in the Yukon Grand Northwest.
The mine washed out the last pile of mineral sand, and the gold rush season officially ended.
During the 71-day gold mining season, MF Gold Mining Company harvested a total of $99.17 million worth of gold, a full three tonnes of weight. Although the goal of 100 million yuan has not been achieved, it is acceptable. After all, this year's mining season is too short.
After closing the mine and settling the machine, Mo Fan gathered all the employees and took out a large check of $500,000 in front of everyone to reward the team that had mined the most gold.
"Your name is Mokfeis, I remember you, well done. Mo Fan shook hands with Mokfeth and patted him on the shoulder: "$500,000, I helped you pay your taxes." ”
"Thank you, Boss. Mokfeth excitedly took the check and kissed it vigorously.
"Mokfes and their team had the best results this year and they worked the hardest, and I saw that. Of course, you all worked very hard to dig up 3 tons of gold in just 70 days. In addition to the prize money for the first place, the rest of the groups have ......" Mo Fan said and took out five checks for 300,000 yuan and sent them to the other five groups: "If you haven't filed taxes, don't think about spending when you get the money." Mo Fan said with a smile.
The audience burst into cheers.
The two million bonus was sent down, and Mo Fan didn't blink his eyes. This amount of money is only a drop in the bucket compared to the wealth they have created.
At the end of the gold rush season, Mo Fan's company enjoyed a series of preferential tax policies, only paying $23.8 million in taxes, and after deducting the cost of gold panning, Mo Fan paid off 50 million bank loans, and there was 10.18 million in the account, of course, Canadian dollars.
Not only did the miners receive a bonus, but the company's security department also received a $300,000 bonus, as did the two helicopter pilots. Anyway, it's a happy situation......
It was snowing heavily, but no one felt the cold, and everyone cheered enthusiastically to discuss how to divide the prize money, and the first thing to do was, of course, to go to the restaurant and have a big meal.
Mo Fan and everyone participated in the celebration to bid farewell to the last gold digger career.
In the afternoon, the bus that had been contacted early in the morning came to the mine, and the workers packed up their bags and left...... There are only a few security guards left in the mine during the winter, and they don't live in the mine all the time, only in the northern suburbs of Dawson City.
There is only one road leading to the mine, just look at it.
Back at the house, Mo Yu packed his luggage. Mo Fan teased Lucky and opened the safe to take out the gold and some important documents stored in it. There are no particularly valuable items in the safe, and the important things are in the space.
"Boss, the helicopter is ready, when will it go. ”
"Right now. ”
Dawson City, several banks are still waiting for Mo Fan's reply.
The highest bidders were banks, with Phipps Investment Bank offering the highest offer, offering $75 million per share for the acquisition of 30 shares.
Other banks offer slightly lower prices. Among them, the offer of the Royal Bank of Canada is only 63 million US dollars, and he wants as much as he sells.
Based on the advice given by the investment advisor, Mo Fan finally chose Phipps Investment Bank and Royal Bank......
The quotes of the two banks vary greatly, but the payment methods considered are in accordance with stock and cash. Phipps Investment Bank is an investment bank that has only been around for less than a decade, and its stock price has always been volatile. Royal Bank of Canada is Canada's most valuable and largest bank by assets, and there are not many opportunities to buy stocks in large quantities.
After several rounds of negotiations, Mo Fan only retains a 20% stake in the Great Northwest Gold Mining Company. Phipps Investment Bank, paid in cash and stock, paid Mo Fan 500 million in cash and $1.75 billion worth of shares.
The average price of Phipps Investment Bank's shares over the past year was about $3.65 per share, and after the deal was completed, Mo Fan took control of 480 million shares of the bank, instantly becoming the bank's second-largest shareholder.
Royal Bank of Canada also paid Mo Fan $1 billion in cash and $2.15 billion worth of shares in the same payment method. Royal Bank is a big bank after all, with a price of $76 per share, and after completing the transaction, Mo Fan owns 28 million shares and only barely qualifies to enter the board of directors of Royal Bank.
After the completion of the transaction, the Great Northwest Gold Mining Company quickly reorganized, and the gold reserves and gold ore grade were announced for the first time, and the stock prices of the two major banks rose instantly, and the share price of Phipps Investment Bank rose from 3.67 to 5.78 in just three days. Royal Bank's stock also rose slightly, from $76 to $81 per share......
After paying taxes, lying in a bank account can get $1.06 billion spent around the world.
From the small rich to the super-rich, it took only a year. Even in Silicon Valley, the United States, which is good at creating miracles, no one makes money faster than Mo Fan.