Chapter 333 5 billion valuation
Su Yue smiled and replied: "We have such a large gold mine, plus fixed assets, investment, and the bright future prospects of Yongfang Mining. The valuation of 5 billion is a normal and reasonable valuation and is not overestimated."
He is still calculating based on the currently proven exploitable symbiotic gold mine. If the undiscovered extension veins may still exist underground, the valuation must be raised. According to the investment of the three shareholders and fixed assets, Director Hao naturally feels that 1 billion is very overvalued, and he never thought about how to valuate the symbiotic gold mine?
When Tang Yiping and Tong Zhijian were both surprised when they heard the valuation of 5 billion.
Tong Zhijian was stunned and asked, "Mr. Su, our purpose is to introduce other investors to participate. Is the valuation of 5 billion too high? At this valuation level, will Chijin Mining agree to invest?"
With a valuation of 5 billion, then 15% of the shares will need to be worth about 750 million. This is far from what Chijin Mining said when it came into contact with them.
"Don't worry, Mr. Tong, as long as we let go, they will agree." Su Yue chuckled.
In this negotiation, the initiative is entirely on the side of "Yongfang Mining". Chijin Mining is coming to the door, and its competitors are eyeing it. As long as the valuation is not too outrageous, they will seriously consider it. Speaking of the valuation of 5 billion, although the other three people were surprised, in fact, there is no overestimation for Pingji City, a huge symbiotic gold mine that has not yet been mined and smelted.
While attracting Chijin Mining to join the market, Bentayga Capital will also occupy a part of the shares with investment funds.
It will definitely not raise the valuation too high.
After all, if you raise the valuation too high, won’t you cheat yourself when you cheat others?
After taking out 15% of the shares and diluting the shares, Bentayga Capital has only 42.5% of the shares in "Yongfang Mining". If you want to retain more than 50% of the shares, you must continue to invest more than 350 million yuan.
According to the current financial strength of "Benyue Capital", the funds that can be used for investment are at this limit.
Tong Zhijian asked, and saw that Su Yue was sure, so he naturally stopped asking. According to this valuation level, after the equity was diluted, although the shares of "Yongfang Mining" in his hand would have decreased a lot, his net worth did so much instantly soared many times, which was a good deal.
Everyone discussed the matters related to introducing other investors, and after dinner, they dissipated peacefully.
Su Yue asked Tong Zhijian for some questions about the specific situation of mining over the past period of time, as well as some details about the equipment installation and production line construction of the smelting company, and then returned to the hotel and slept.
The next day, as agreed.
Several shareholders of Rongfang Mining met with a delegation stranded in Pingji, Chijin Mining.
"Mr. Pan, long time no see, how are you lately?" Su Yue looked at the leading man with a smile, "It's been more than a month since Changling last time?"
Being able to receive the re-invitation from the shareholders of "Rongfang Mining" proves that there is a turning point in their entry into "Rongfang Mining".
Pan Guiping laughed, very happy, and said, "Mr. Su is so energetic, but he is becoming more and more mature and steady."
Everyone greeted each other for a while, then paused before Su Yue opened the topic. He took a sip of tea and looked at the Chijin Mining people with a smile, saying, "Mr. Pan, you have worked hard for a month in Pingji City. Now we have discussed and decided to take out 15% of the shares of Chunfang Mining to attract investment, and cooperate with you Chijin Mining. I wonder what Mr. Pan thought?"
“15% stake?”
Pan Guiping frowned. This was a lot different from the shares they expected to hold. However, in any case, being able to enter the more than 10% of the shares of "Rongfang Mining" can be regarded as completing the basic goals discussed by the board of directors and participating in the "Rongfang Mining". So he pondered for a moment and continued: "There is no major problem in terms of shares, just... for 15% of the shares, what conditions should we take to enter? Please let Mr. Su explain."
Su Yue looked at him with a smile, and did not answer directly, but asked: "If... let you Chijin Mining perform the valuation, how much can the current 'Rongfang Mining' be valued?"
This problem is very sensitive.
Chijin Mining naturally has documented discussions and confirmed figures for the current valuation of "Yongfang Mining".
But this real valuation cannot be used at the negotiating table at this moment. After all, the amount of the valuation is directly related to the amount of capital invested by Chijin Mining.
Therefore, if you can lower it, you have to lower it.
Pan Guiping looked at Su Yue's deep eyes. The valuation figures that had been prepared long ago were lingering around his mouth for a while, but swallowed them back. After a moment of silence, he took the initiative to increase the price and said: "The current smelting factory of Rongfang Mining has not been established at all, so in terms of real valuation, we can only estimate the symbiotic gold mine under Rongfang Mining. We have carefully investigated the veins to be mined, with good grades. In addition, the symbiotic mine is a copper mine. According to the size of the veins and the current general situation in the market, the valuation we can give is 2.5 billion."
The ideal valuation level they originally wanted was around 1.5 billion.
But Pan Guiping also knew that with the cleverness of "Benyue Capital", there was no way to reach an agreement on the valuation of 1.5 billion yuan, and at the moment of export, a large part was added.
At the group board of directors, the admission conditions discussed can be participated as long as the valuation level is below 5 billion.
Of course, in the real research and inspection plan, the valuation level of the gold mine in Pingji City is far higher than the number of 5 billion. It’s just that these things are the group’s secrets. Pan Guiping himself knew it in his heart, and there was no need to say it out for anyone to know.
When Su Yue heard the valuation level of 2.5 billion, he laughed: "Mr. Pan, do you want to know the valuation of "Rongfang Mining" in the research documents of Qilu Gold, Yundian Mining and Jinfeng Mining?"
Seeing that Su Yue's face turned cold, Pan Guiping's face also felt a little embarrassed, but he still insisted on himself and said calmly: "Mr. Su, I would like to hear about it."
A valuation level of 2.5 billion.
For the current "Yongfang Mining", he thought it was not too underestimated. Of course... this was when he was sure that Su Yue and the others could not accurately estimate the value of the company's mine.
They also knew about the shareholders of "Yongfang Mining" who came into contact with these competitors, but he believed that neither Qilu Gold nor the other two companies could reveal the real valuation value in the research documents, and the price they could pay was similar to theirs, so he was not panicked.
Under Pan Guiping's gaze, Su Yue slowly opened his palm and said with a smile: "Their valuation of our 'Rongfang Mining' is 5 billion, which is exactly twice the price of Mr. Pan!"
Pan Guiping was shocked and subconsciously said: "This is impossible. The price of 5 billion is far overestimated."
Chapter completed!