Chapter 171: How to raise interest
Chapter 171: How to raise interest
Translated by me, edited by drpetro.
The result was that only the limonite starting from 1500 meters away from the main gates was worth mining.
The size of the deposit on the land was roughly 200 hectares, and parts of it even stretched out into the sea.
As for the part that was in the sea, the surveying team didn’t even bother to check.
In their words, no one in the world would, in their right mind, go mine iron from the sea. And even if there was someone who was crazy enough to do it, there wasn’t a smeltery that would help smelt it.
Because people would be willing to join in for the killings, but no one would join to lose.
The cost of separating out the corroded parts of the metal was just too damn high. Which smelter would do it just to lose money?
Having surveyed the rough area of the deposit, all that was left was to assemble some drills to drill into the earth to see just how deep this deposit was.
Five separate diesel powered drills started simultaneously drilling a planned 80 meters.
This here was the coast, so even if there was minerals a thousand meters deep, they couldn’t do anything about it. If the mining was done too deep, then it would draw in large amounts of seawater, as well as potentially damaging the foundation of the nearby Huanhai Avenue.
Drilling 80 meters was literally a piece of cake. The surveying team, while drilling, also drew out samples, such that on the third day, the final results were all in.
Within the 80 meters, only two of the samples had traces of limonite, as for the rest, they all turned to regular stone after 60 meters.
According to their estimates, this deposit went as deep as 70 meters and had a surface area of 200 hectares. Removing the accompanying rocks from the equation, the entire limonite deposit totalled to around 15 million tons.
For Ye Qing, this 15 million tons of limonite iron was more than enough for him to splurge for a while.
But for those large scale steel factories, for example the ranked first Sand Steel, if they were to operate on full horsepower for a month, then they would definitely be able to melt through all 15 million tons.
If this was a couple years back when the steel sector was still profiting, then there might actually be someone who would risk buying out the rights to this 40% iron concentration deposit. Sadly, the entire steel sector worldwide was faced with a down turn. Under the situation where all kinds of high quality iron ore could be bought on the open market, apart from Ye Qing, there was no one that would take the risk.
When the surveying team reported the results of their finding, the ministry cursed for not being able to gift Ye Qing a national flag.
If Ye Qing didn’t report this, then they wouldn’t even have known that there was a limonite deposit here.
Now not only did Ye Qing report the finding, he even promised to buy out the rights, which was why the ministry happily agreed to Ye Qing’s requests. Being able to sell out the Dragon Creek Beach was already a big surprise, yet who would’ve thought that there was a hidden gold mine?
Of course, what they didn’t know was that the real gold mine, the naturally formed highly concentrated titanium, was hiding under those barren hills.
Since this piece of land belonged to Ye Qing, now that a limonite deposit had been found, the price to transfer it was naturally cheaper.
The ministry offered a price tag of 80 million for the long term mining rights.
Each ton of raw ore under this price came to a bit over five yuan (Less than a US buck). This price might seem cheap on the surface, but to mine by the coast, the cost of the investments needed was also huge.
The ministry also gave out some safety conditions, for example, there can’t be any damage to the foundation of Huanhai Avenue, and when mining near the coast preventative measures must be taken to prevent seawater from causing collapses.
Ye Qing left all these minor details to the company’s managers and lawyers to discuss. All he had to do was just sign the contract at the end.
Another 80 million gone from his bank account. Add on the massive amount of construction materials that was previously bought and Ye Qing didn’t have much left to spare in the account.
Money being spent and turning into stable assets moved the Monster Factory forward 50 spots to 267 on the rankings.
Currently, the sales of the Mechanical Engineered Chairs were quite stable. The domestic sales had dropped slightly, but was recovered by the sales overseas. All in all they could bring in 15 million in sales each day.
As for the rest of the money in the bank, Ye Qing needed it for producing the Mechanical Colossus I series, and to research into the Rank 4 black technologies.
Compared to the Mechanical Engineered Chairs or the Rapid Metal Engravers, the Mechanical Colossus I series was truly how money was made. This kind of slightly larger than excavator equipment was given a price tag of 10 million by Ye Qing.
Domestic excavators normally were all priced around 700,000 each. The I series’ price tag was nearly 15 times more.
As for for the 150 ton X series, currently it just cost too much effort to create, so they were labeled as not for sale products.
To be honest, Ye Qing had no confidence in the price tag of the I series. The abilities of the Mechanical Colossus might be great and all, but when no one has seen just how great it was, there was no way someone would spend the same amount of money needed to buy 15 domestic excavators to buy another piece of domestic equipment. Ye Qing felt that if it was him, he would probably curse the living daylights out of someone.
Ah screw it!
The Mechanical Engineered Chairs was worth a domestically made sedan, but now with its image being made as something worth the price, it was still keeping its original high sale levels.
Contemplating up to there, Ye Qing went into his office and gave the IT department a task: to put images of the Mechanical Colossus I on the front page of their website.
At the moment, the official site of the Monster Heavy Industry was somewhat popular in the internet. The users of the Mechanical Engineered Chairs would also come and download those chair programs to play with.
Ye Qing could guarantee that as soon as these HD pictures are out, there were definitely going to be many M.E.C. users discussing what it was.
Of all the users of the Mechanical Engineered Chairs, 99% of them were wealthy individuals with too much money to spare.
These people were in all kinds of business. Who knows, maybe some of them were actually in the construction business. When the time comes for this product to be officially released, they would definitely be paying attention to it.
And then……
The Mechanical Colossus would give them a big big surprise!
“Boss, no written descriptions?” The IT manager, Ji Ke, asked in the meeting.
“No words for now, gotta raise people’s interest first.” Ye Qing thought to himself, if all the data was put up, then there was just no mysteriousness left.
All of those mobile companies like Apple, Huawei, and Samsung, played this kind of game. First they release some kind of interest raiser, then only reveal its true identity when the product itself was about to be released.
Right at this moment, Ye Qing’s phone rang. He first thought it was Ji Ke calling, but on the call display it showed Director Ding.
“Hehe ~ President Ye!” On the call, Ding Yin sounded somewhat hesitant: “I might need your help again.”
“Were the folding arms not enough?”
“No no, its a problem with the model.” As soon as Ding Yin got into this topic, he immediately went into a rage: “5 cent effects, truly are 5 cent effects.”
“We used the two arms to film a shockingly real landing scene, and gave it to a well known special effects company to edit.”
“Yet the preliminary results was, my god, unbearable. The CGed spaceship literally looked like one of a cartoon.”
“Then why are you asking me for help?” Ye Qing was completely lost: “We’re a heavy industry company. Foldable arms are fine, but CG effects, that’s a whole entire ballpark.”
“President Ye, you’re too modest.” Ding Yin laughed: “Did you forget about what happened last time at Sheraton?”
“When you were signing contracts with those foreign clients, you had 3D model pictures playing in the background. From what I’ve heard, the imitations were more real than the real life ones. When enlarged, even a piece of chipped bark could be clearly seen on the trees.”
“This kind of skill, don’t mention domestically, even Hollywood might not be able to compare to it.”