Becoming a Russian Oligarch After Rebirth
Chapter 360: Not Enough, Need More Money_1

Chapter 360: Chapter 360: Not Enough, Need More Money_1

He leaned in, pointed at Wang Ye and then at himself, and said: "This gold mine, let’s do it together. I have a plan. You buy the land, then discover the gold mine. I will take care of the mining license. Of course, this gold mine will require a separate company. I will have an overseas company invest in it. Let’s split it 60-40, I get the 60 and you get the 40."

There’s no denying, A Bu is quite generous!

He offers 40% of the shares to Wang Ye just for the latter to serve as a front man!

On hearing this, Wang Ye, however, didn’t immediately agree, but asked: "How much can this gold mine produce in a year? How large are the reserves?"

A Bu hesitated for a moment, but eventually told Wang Ye honestly, "The initial annual production could reach approximately 30 tons, which is about 1 million ounces. After increasing the mining amount in the medium term, we should be able to achieve an annual yield of 2 million ounces. The reserves are not yet fully explored, but it should be at least 40 million ounces."

Wang Ye blinked, a bit embarrassed to ask, "This... I don’t know much about this, how much can 1 million ounces of gold sell for?"

He really had no idea about this, as he had never paid attention to the gold market.

A Bu laughed and answered, "1 million ounces of gold is worth about 1.5 billion US dollars at the current gold price. After all expenses, the net profit could reach 1.4 billion US dollars. Gold is a hot commodity, there’s no worry about not being able to sell it."

Wang Ye grinned, this was quite a fortune!

The cost of gold mining is not high, making it a very profitable industry.

If what A Bu said is true, wouldn’t they net over a billion US dollars a year?

No wonder he wanted Wang Ye on board. Relying on A Bu alone, he probably couldn’t swallow, nor dare to swallow this big piece of "fat meat".

"I want 60 and you get 40," Wang Ye suddenly declared.

A Bu was stunned for a moment, he really didn’t expect Wang Ye to say that.

This is... a bit greedy...

Just as he was about to say something with displeasure, Wang Ye spoke again.

"The 60 percent I’m asking for, it’s not all for me. I should have to give away half or more to certain people, you understand. This way, it should ensure the safety of our gold mine without causing any trouble."

A Bu knew exactly what Wang Ye was implying.

It presumably meant that half or even more of the 60 percent Wang Ye was taking would have to be used for "protection money."

That was to be expected, otherwise, there’s no way A Bu would offer him so much of the gold mine’s shares for nothing.

The reason A Bu brought Wang Ye in was to let him handle these issues...

But he didn’t expect Wang Ye to be so bold as to ask for 60 percent from the get-go.

This gold mine was something he discovered. He would have to handle the land and the mining license as well. And Wang Ye did nothing, yet he could enjoy over half of it. A Bu felt a bit uncomfortable...

But he also knew in his heart that Wang Ye wasn’t getting anything for free.

Because once the gold mine ran into any problems or was targeted by others, Wang Ye would have to step in and take the hit!

Moreover, the money that Wang Ye took wasn’t just for his own pocket. He would need to use a part of it to grease palms all around.

Such a large gold mine, once the news went public, A Bu believed that there would certainly be many people eyeing this juicy meat, wanting a piece of the cake!

At that time, all the trouble would fall on Wang Ye’s shoulders. He would only need to stay behind and provide some support.

.........

After thinking for a while, A Bu shook his head and said with a bitter smile: "You’re... fine! Let’s settle on that. You get 60, I get 40. However, you will be the legal representative and the president of the company, I won’t show up. You understand, my current identity is not suitable for participating in these."

Of course, Wang Ye understood. The reason he dared to be so ruthless was because he also knew why A Bu wanted to cooperate with him.

There were many things A Bu didn’t dare to do because he hesitated over the consequences. But Wang Ye dared to...

After all, he had already been "pulled into the water", his hands had blood on them. The potential trouble wasn’t too much but also not too little, so having a bit more really didn’t matter.

Besides, he was really in need of money now!

The Wagner Company was a gold-eating beast. Originally, he planned to develop slowly, but Petrov’s arrival propelled Wang Ye into a whole new world!

So he decided to go with the flow and develop this company right ahead of schedule.

Purchasing weapons, expanding strength, all these required enormous funds to support!

And the few companies in Wang Ye’s hands were either just starting out or hadn’t seen any returns yet. They couldn’t provide much capital in the short term.

This led to Wang Ye having to temporarily shelve a major plan about the Crimea Peninsula.

Now, with the income from this large gold mine as support, many of his plans could be carried out on time or even ahead of time.

Therefore, he would rather bear more risk in exchange for more shares!

"Great! So it’s settled. Tell me how I can assist, Uncle A Bu. Plus, this kind of gold mine also needs enough security forces, right? Later, I will send a team over. There won’t be any problems in terms of security," Wang Ye said with a smile.

This place was just where his Wagner Security Company could come in handy again, right?

A gold mine!

Such a large gold mine, yielding billions and even tens of billions of dollars a year.

Of course, a squad of fully armed security personnel had to be sent over to guard. Otherwise, something was bound to happen.

Chukotka was no major city, and there probably weren’t many people in the local police station to rely on.

Plus, given the vast terrain and sparse population, and its remote location, people often had to cover tens or hundreds of kilometers without seeing another soul. What if someone decided to kill for their goods...

.........

Once the division of interests was settled, the rest was easy to discuss.

A Bu gave a rough idea of the location of the gold mine, asking Wang Ye to set up an investment company immediately after returning to Moscow. A Bu would then have an offshore company invest in it.

After the investment company was registered, they could proceed to acquire the land with the gold mine, an area covering several tens of square kilometers...

Of course, the reason for buying such a large piece of land was to deceive the public.

The cost of buying land was undoubtedly high. A Bu didn’t want any criticism on this aspect, so he estimated a cost of 100 million US dollars.

Mining, refining equipment, recruitment, construction, etc. The total initial investment was about 200 million US dollars.

Oh, and A Bu would foot this bill...

Wang Ye really didn’t expect that his trip to Chukotka, which was originally just a formality for canvassing votes,

would bring such a big surprise from A Bu!

Could this be what it’s like when one is running on luck, finding a wallet wherever they go...