Tang Feng's words made Chris and Gorman's faces change, and even Nick on the side. Mendes' face also became a little gloomy. It is a very humiliating thing for someone of Gorman and Chris's status to be rejected so categorically in person.

Needless to say, Chris's identity is needless to say, this young man who is less than thirty is a new generation of family leaders that the Morgan family focuses on cultivating, and he can sit in the position of chairman of JPMorgan Chase at the age of less than 30, and he is also the highest shareholder of JPMorgan Chase and Morgan Stanley, enjoying the highest executive power.

And Gorman. Thompson is not as good as John. Chris. Morgan's identity is so prominent, but he is not an ordinary person. Gorman. Thompson has become the largest private shareholder in Newmont Mining since he acquired his father's stake in Newmont. At the same time, Gorman. Thompson also serves as CEO of Newmont Mining, the world's second-largest gold producer, and is one of the most prominent names in the mining industry around the world.

Although he saw that the faces of the three people changed, Tang Feng still said unhurriedly: "Chris, Gorman, I didn't mean to offend you, I just talked about the matter." You can first take a look at the survey report that the explorer company just made last night, although it is not very comprehensive, but it can already explain the situation of this precious metal composite mine. So, if you read this report, you will definitely understand why I rejected your proposal just now. ”

As he spoke, Tang Feng handed over several documents on the table, and Chris and Gorman, who heard Tang Feng's explanation, also returned to normal, and they took the report and watched it carefully.

After about ten minutes, the two put down the report in their hands and glanced at each other. Chris let out a long breath before saying, "Don, I'm sorry for my proposal just now, and you were very right to reject my proposal. But as you know, my proposal was just a matter of my own judgment and that of Gorman before I knew anything about the mine. So, I didn't say anything about that proposal just now. We can renegotiate. ”

It was only after reading the report that he realized what a big mistake he had just made. Not to mention that Tang Feng refused, they just turned their faces on the spot and didn't negotiate, and the two of them could only stare dryly.

Through this survey report, Chris and Gorman learned what a valuable mountain of gold this newly discovered super precious metal complex ore is.

The preliminary estimated reserves of silver are as high as 8,000 tons, and this silver reserve alone has already made the mine the fourth largest silver mine in the world.

As for the gold reserves, the initial estimate is 700 tonnes. The reserves of platinum group metals are about 210 to 220 tons!

The entire complex is worth $40 billion.

Such a large reserve of silver-gold-platinum precious metal complex ore is extremely rare in today's mining industry. In addition, the average grade of silver ore is as high as 650 g/t, and the ore grade of gold and platinum is also as high as 60 g/t, which is a very rare high-grade and large-reserve bonanza. In addition, the burial depth of the entire vein is very shallow, and only ten meters of the outer rock wall need to be removed to expose the entire deposit. Even in mines, the cost is even less than open-pit mining!

According to the judgment of the explorer company, the burial depth is so shallow. With such a high grade, the cost of extraction would be jaw-dropping. In this survey report. Explorer has made a clear conclusion about the cost of mining, in which the ASIC cost of gold will definitely not exceed US$700/oz. In other words, the cost of mining this vein worth more than $40 billion is only about 60% of the value of the entire mine, and the net profit is even as high as $16 billion.

And now, what is the total market value of Newmont Mining?

In 2014. The international gold price fell 28%, its biggest annual decline since 1981. Despite a recovery in the gold price last year, 2015, the share price of Barrick Gold, the world's largest gold producer, has fallen 21% over the past 12 months. The current market capitalization has fallen to about $21 billion. During the same period, Newmont's stock price also fell by 35%, falling to about $12 billion. Although the price of gold has not continued to fall this year, the market value that has evaporated is still overwhelming Newmont.

Even this year, Newmont's market capitalization has not stood above the $13 billion threshold.

And the net profit of this newly discovered super precious metal composite mine may exceed 16 billion US dollars, even if the entire Newmont Mining is given to others, it will not be able to exchange for this mine. Not to mention the exchange of shares, it is strange that people do not refuse.

Seeing that Chris and Gorman's faces were a little embarrassed, Tang Feng said with a smile: "Chris, Gorman, since you have come all the way here and negotiated with me with great sincerity, then of course I will not refuse your kindness." We can continue to work together, but Newmont Mining will forget it. ”

Hearing this, Chris's eyes lit up. The sharp fluctuations in the international gold price in the past two years have caused some losses to the Morgan family, don't forget that the Morgan family started by finance, and gold reserves are the foundation of the Morgan family. At its peak, the Morgan Alliance controlled more than 90% of the gold reserves of the United States, and even now, the influence of the Morgan family cannot be underestimated.

Although the U.S. economy and gold reserves are now controlled by the Federal Reserve, don't forget that the seven big names who created the Fed back then all came out of the Morgan League.

Nelson. Aldrich, then-Senator, Chairman of the National Monetary Committee, Nelson. Rockefeller's maternal grandfather; Pyat. Andrew, then Assistant Secretary of the U.S. Department of the Treasury; Frank. Van der Lipp, then president of the National City Bank of New York; Henry. Davidson, senior partner at J.P. Morgan, Charles Norton, then president of First National Bank of New York, and Benjamin Strong, J.P. Morgan's right-hand man. Paul. Warburg, a German Jewish immigrant, came to the United States in 1901, a senior partner of the Kuhn Repo & Co., an agent of the Rothschilds in England and France, the general designer of the Federal Reserve, and the first director of the Federal Reserve.

At that time, it was these seven leaders, under the advice and leadership of J.P. Morgan, who single-handedly drafted the Federal Reserve Act on Jekyll Island, laying an unshakable foundation for the future Federal Reserve.

Although the Morgan family is no longer in the limelight, the core interests of the Morgan family are still the two major banks. As the most important gold reserve of the bank, it has always been a piece that the Morgan family attaches great importance to. (To be continued......)