"We may need to buy a mine."

After sending away the pressure vessel manufacturer, Zhang Xingyang found Liang Yi and said.

For so many years, the finances of the institute have basically been in the hands of Liang Yi.

Zhang Xingyang has been able to do things happily over the years.

is also thanks to Uncle Liang Yi, who is supported behind the back.

"What are we going to buy a mine for?"

Liang Yi said with a frown.

"What mine are you going to buy?"

Although Liang Yi is supportive of most of Zhang Xingyang's decisions.

But buying a mine is no small matter.

Not to mention the cost.

The point is that it is more troublesome.

They also had little prior experience in mining.

If you enter so rashly, you will know that there will be a lot of chaos if you think about it a little.

"Buy a gallium mine."

Zhang Xingyang poured himself a glass of water from the water dispenser and said.

"Gallium ore?"

Liang Yi thought of gallium and understood a little.

The research focus of the Institute's recent materials research is on gallium.

Whether it is gallium nitride for third-generation semiconductors or gallium oxide for fourth-generation semiconductors.

A large amount of gallium is required.

"Our consumption should not be as exaggerated as buying a mine, right?"

Although there is some understanding, Liang Yi is still a little uncertain.

"This can be regarded as a kind of layout for the future."

Zhang Xingyang picked out some that could be said: "We will vigorously develop the space power industry in the future." ”

"That's going to require a lot of gallium nitride, and even gallium oxide."

"With our current gallium production capacity, it is far from enough."

"We'll just have to figure it out on our own."

Gallium is not a very abundant metal in the earth's crust.

The content is only 0.0015%.

Moreover, the distribution is relatively scattered, and there are few gallium ores with high abundance.

Basically, they are all associated mines.

Associated in bauxite, tungsten ore, lead-zinc ore.

At present, the world's annual crude gallium production is less than 50 tons.

The production of refined gallium required for the production of semiconductors is less than 60 tons.

All combined, less than 110 tons.

Among them, domestic production accounts for more than 80%.

But that's it, it's not enough for Zhang Xingyang to use them.

A single power satellite requires the use of thousands of GaN semiconductor chips.

The weight is more than several hundred kilograms.

And that's just for the satellites, and the ground receiver needs almost the same weight of GaN semiconductor chips.

According to the preliminary intention reached by Zhang Xingyang and Sun Lao before.

Two satellites are made every month.

More than ten tons of gallium are needed a year.

In the absence of the production of gallium.

Zhang Xingyang estimates that the power satellite project alone could double the price of gallium.

"Then do we still have to buy related production enterprises?"

Liang Yi said with a big head.

"Concentrators, refineries, all of these things."

"Otherwise, are we just a miner?"

Liang Yi felt that Zhang Xingyang had given him another big job.

I even felt a dull ache in my temples.

"That's definitely something to do."

Zhang Xingyang said with some embarrassment: "In fact, it is best for us to directly build an industrial chain from mining to finished product production.

In this way, there will be enough price advantage to advance the power satellite project. ”

is so troublesome Uncle Liang Yi, Rao is Zhang Xingyang also feels a little embarrassed.

Uncle Liang Yi is almost sixty years old this year, and he has to be busy non-stop.

For a moment.

Zhang Xingyang felt as if he was squeezing an innocent old man.

Fortunately, Liang Yi almost watched Zhang Xingyang grow up, and has been watching him lift the research institute from the state of the building over the years.

just sighed slightly: "The matter of buying a mine is not so simple. ”

"We need to plan a little."

Although Liang Yi has never bought a mine, he has participated in so many business activities.

Naturally, I can think of the problems that may exist in this.

The most important of these is the problem of the mine itself.

In recent years, the country's power industry has flourished.

To a certain extent, it has led to a sharp rise in coal prices.

He's also heard a lot of rumors in the industry.

When selling mines, many mine owners will falsify the issue of ore reserves.

Exaggerated reserves, abundance, etc.

Gallium ore has no independent deposits.

The reserves of associated ores are not so easy to detect.

If someone else does a little tricking.

They are expected to be wronged.

Zhang Xingyang: "Uncle Liang doesn't have to worry about the mine. ”

"I've got a mine in mind, and it's long enough for us."

It was a very peculiar super-large gallium mine.

Most of the world's gallium mines are associated near bauxite, tungsten ore and lead-zinc ore.

But this mine is adjacent to a super-large coal deposit!

Speaking of this mine, it also has a lot of connections with the research institute.

Hypersonic experimental base, because wind tunnels require a lot of energy.

It has a large thermal power plant.

and several large coal mines.

This year, the geological team on the mine, when carrying out coal seam exploration activities.

This very peculiar super-large gallium deposit was discovered by accident.

So this matter, even if it is relatively simple.

As long as you can get the approval from the mining department.

They will be able to mine gallium ore.

"That's what happened!"

Liang Yi was also very surprised:

"We're really lucky to be able to find gallium ore in this situation."

Liang Yi is in charge of the financial work of the research institute, so he naturally knows that the price of gallium is not cheap.

They've stumbled upon a gold mine!

"Oh, yes."

"The reserves of this mine are estimated to be more than 800,000 tons."

Liang Yi, who was about to take a sip to regain his mood, almost squirted out a mouthful of water.

Swallowing the water with difficulty: "You mean 800,000 tons?" ”

"yes, so it's been enough for us for a long time."

Zhang Xingyang said with some indifference.

Actually, it can't be said that it was a long time.

It should be able to be used until the sky is old.

At present, the annual production capacity of the country is only a little more than 80 tons.

Even if the domestic production reaches 100 tons a year, it will take 8,000 years!

Taking into account the exponential increase in production.

Later production may reach the thousand-ton level.

Even so, it would be enough for them for 800 years!

Eight hundred years later, it is estimated that mankind has long since been freed from the constraints of resources.

"The current gallium is about 3,000 kilograms."

After Liang Yi calmed down for a long time, he finally held back this sentence.

800,000 tons of gallium, that's close to 300 million!

What Liang Yi said is actually not quite accurate.

This price is the price of crude gallium.

If it is fine gallium, the price will increase several times.

If it is processed into a semiconductor chip, then it is hundreds of times the price.

You must know that a large part of the current gallium nitride is used in phased array radars.

Phased array radar, at this time, is basically sky-high.

"It's not too difficult for us at this price."

Zhang Xingyang carefully observed Liang Yi and found that he would not have any problems for the time being.

"Mr. Sun has promised us to do his best to make it easier for us in the power satellite project."

"So there shouldn't be too much of a problem with the mining department."

Sun Lao has actually done a lot of work for them.

This includes previous negotiations between Galaxy Power and the power grid.

has Sun Lao behind the push.

Zhang Xingyang can feel that the top management attaches great importance to the new energy industry.

"I will contact the mining department as soon as possible to see if I can take the mine down."

After listening to it, Liang Yi felt that this matter was quite reliable.

It's not very difficult.

"Uncle Liang, I have something to let you know."

Zhang Xingyang found that Liang Yi may have overlooked one thing.

So he said cautiously.

"What's the matter?" Liang Yi was a little curious.

"As I said, gallium ore is an associated mine."

Zhang Xingyang said while looking at Liang Yi.

I was afraid that after he heard the news, he would suddenly faint.

"That's right, isn't this mine a by-product of a coal mine?"

Liang Yi was still puzzled.

Zhang Xingyang: "So if we want to buy this gallium mine, we have to buy it together with the coal mine." ”

"Then buy it."

Liang Yi somewhat knew why Zhang Xingyang looked at him like that.

But I didn't say much.

Zhang Xingyang: "The amount of that coal mine is a bit large. ”

Liang Yi: "How big can it be?" ”

Zhang Xingyang didn't speak at this time, but weakly stretched out three fingers.

"Three million tons?" Liang Yi took a deep breath and asked.

"It's barely acceptable."

Zhang Xingyang shook his head.

"Three hundred million tons?"

Liang Yi felt as if he was a little out of breath.

"No, it's three billion tons."

Zhang Xingyang said the numbers that Liang Yi thought were unlikely.

“.” Liang Yi was silent.

"Although our financial situation has been very good all these years, we don't have that much money."

Three billion tons of coal mines are already super-large deposits.

They simply don't have that much money.

Although the institute has tens of billions of revenues every year.

But the overhead is also huge.

Liang Yi used to save hundreds of millions of dollars every year.

A three-billion-ton coal mine, judging by the current situation.

At least tens of billions of dollars.

They don't have enough liquidity.

"Simply put, a lack of money?"

After Liang Yi finished speaking, Zhang Xingyang said in a concluding manner.

"That's right, although we make a lot of money now, the money spent on various projects is like running water."

Liang Yi said as he looked at Zhang Xingyang.

If you want to say who can spend the most money in the research institute, Zhang Xingyang is the best person.

"Now, we can come up with a maximum of about 4 billion in liquidity."

"If you want more money, you can either borrow from the bank or sell something."

In fact, the institute has a lot of high-quality assets.

Before this, the bank had also tried to lend money to the research institute many times.

It's just that the institute is not short of money, and the cash flow is very sufficient.

So it's always been a refusal.

This world is sometimes so wonderful.

When you are not short of money, you are crazy and want to lend you money.

In that posture, I couldn't wait to stuff the money directly into Liang Yi's arms.

When there is a shortage of money, it is difficult in every possible way.

"It's better to borrow money."

Zhang Xingyang didn't think about it, and directly rejected Liang Yi's proposal.

Banks are not that easy to deal with.

Even if they have a big family, they should be cautious.

"If I come forward, maybe there will be some solution."

Zhang Xingyang said after thinking for a while.

With a little thought, he was able to think of several different solutions.

But how to do it exactly.

You still have to try it to find out.

"Then I'll go to the mine first?"

After listening to this, Liang Yi said: "Just listening to one side of the story is still not intuitive enough. ”

"It's okay, I guess it will take some time on my side."

Zhang Xingyang nodded and agreed.

In fact, Zhang Xingyang's method is mainly to cooperate in development.

He has two choices, one is Jiang Cheng, who is in a cooperative relationship with them.

They are building a chip industrial park.

I think I am a little interested in the industrial layout of gallium materials.

However, it is difficult to say whether the other party will participate.

After all, they are still in the investment stage and have not seen the output.

It is estimated that they will be more cautious and will not easily join projects with uncertain prospects.

But now the coal industry is very profitable.

In recent years, the price of coal has almost never fallen, and has been on an upward trend.

And the coal is not to be sold.

As long as they can get their hands on the coal mine, they can basically sit back and wait for the money.

The coal mine was almost a hen laying golden eggs at this time.

As for the second option.

It is the partner of Galaxy Power, Shancheng.

The other party has already seen the profitability prospects of Galaxy Power.

The likelihood of wanting to join is higher.

However, in this way, it is estimated that they will have to increase their stake in Galaxy Power.

Galaxy Power's current valuation is actually not very high.

It's just one or two tens of billions.

In fact, if outsiders know Sun Lao's expectations for space power generation.

The valuation of Galaxy Power can reach at least 100 billion yuan.

Not to mention, there are just more than 20 power satellites launched every year.

With the valuation of fixed assets, it can be worth more than 20 billion.

But outsiders don't know about it yet.

Only a few people know about it.

This also leads to the fact that if at this time Shancheng is allowed to increase his shares.

The institute will suffer a lot.

Suffice it to say, both options have their own advantages and disadvantages.

But before Zhang Xingyang could make a decision and make contact with which one to contact first.

Liang Yi, who has already contacted the mining department first, has good news.

"That's really good news." Zhang Xingyang said with a sigh of relief.

Liang Yi also had a smile on his face: "I didn't expect them to be able to give such good conditions." ”

Given their current cash flow.

The mining side has granted them the right to mine the deposit in stages.

In other words, they don't have to come up with as much money at once.

And judging from Liang Yi's contact, the remaining part of the deposit.

They will not sell directly to other units.

"It should be that Sun Lao greeted the other party in advance."

Zhang Xingyang actually didn't expect that Sun Lao would be able to let them give such conditions.

However, taking into account the peculiarities of gallium ore.

and the institute is in a leading position in the fields of gallium nitride and gallium oxide.

These benefits don't seem to be much.

"Then we can consider starting to build the whole industry chain of semiconductors."

Zhang Xingyang said confidently.

Previously, both power satellites and active phased array radars were expensive.

A large part of it lies in the fact that the industrial chain has not been integrated.

There are significant additional costs in this regard.

If the whole industry chain is successfully established, then the cost will be reduced much. (End of chapter)