50s: Starting with a storage ring

Chapter 403 A safety net
Since they received their first share three months ago, the price of gold has risen by 50%, which is equivalent to their share increasing by half out of thin air, which is incredibly exciting.

When they received their first share of the profits last year, they were a little uneasy because they were receiving gold instead of US dollars, fearing that the price of gold would drop and reduce their share.

As it turned out, the price of gold continued to rise, just as the BOSS had predicted. Coupled with Sun Zhiwei's expertise in identifying mineral veins, they now completely believed his words.

Now Sun Zhiwei has come again, this time with another mine. Although it's even more tiring, their share of the profits is also higher. Nobody complains about having more money, so everyone is very happy.

Sun Zhiwei didn't waste any time; he immediately handed out money upon arrival. Once they had the gleaming standard gold bars in their hands, everyone in the conference room shouted, "Long live the BOSS!"

After the profits were distributed, Sun Zhiwei learned about the current situation of the two gold mines from them.

Production at the Swell gold mine, both in its old and new sections, is nearing its peak, with an estimated output of 17000 ounces per month.
The South Chase River gold mine began production in mid-January, and it is expected that production will reach twice that of the Swell gold mine in six months, or about 50,000 ounces per month.

While calculating the future harvest, Sun Zhiwei also estimated the monthly expenses.

The profits from the Borneo iron ore mine have now stabilized, bringing Sun Zhiwei ten times the previous income each month, which is about $100 million.

This money was enough to cover the operating expenses of the two gold mines. In addition, he had another cash gain that was about to be realized, namely the stock that old Lancaster had given him.

Old Lancaster once said that those stocks could bring him $50 in profit every year.

A batch of stocks will start paying dividends next month, and he wants to see how much return a $200 million stock can generate in a year.

If the returns are not promising, he will definitely sell everything he can or switch to stocks of companies he is familiar with.

After spending two days at the mine, it was now April 11th, and the Liulinhai he was waiting for was sailing at full speed across the Pacific Ocean.

The route from Huangpu River to Seattle is actually an old one, and the older generation of sailors still fondly remember how busy this international ocean route was.

It actually has two routes. One is in winter, which requires sailing around 30-32 degrees north latitude, where the wind and waves are smaller and the ship speed is guaranteed.

If it is late spring, summer, or early autumn, and the weather conditions are favorable, then the great circle method can be used to sail directly through the Juan de Fuca Strait.

The Liulin Hai set sail from Huangpu at the end of March, stopping in Kobe. It did not depart again until April, sailing on the second route.

The Liulin Ocean Carrier is a 3-ton bulk carrier built in Norway in 1971. It is 193.45 meters long, 26.25 meters wide, 16.07 meters deep, and has a maximum height of 38.4 meters.

The registered gross tonnage is 22448.56 tons, net tonnage is 14233.84 tons, deadweight tonnage is 38405 tons, and speed is 15.5 knots.

The Liulin Hai stayed in Kobe Port for two days to load fertilizer. It was originally scheduled to arrive at the Juan de Fuca Strait on the 17th, but now the arrival time should be delayed by a few days.

The Liulinhai is quite interesting. Although it was the first cargo ship to travel between China and the United States, it was not the first to do so.

Even before the maritime transport agreement was signed between China and the United States, COSCO and Lex Brothers Shipping Company of the United States had already signed an agreement in advance.

The agreement allows ships from both sides to fly each other's flags and anchor in each other's open ports.

Before arriving in Country M, domestic cargo ships would change to the flag of Lex Brothers Shipping Company and dock, and the cargo on board would be distributed by Lex Brothers Shipping Company.

Sun Zhiwei didn't know how much fertilizer had been delivered this time.

He roughly estimated that his small farm had 2 acres (8000 hectares) of land, which could be easily cultivated by dozens of farm workers using mechanized equipment.

On average, each hectare requires 110 kilograms of fertilizer per year, totaling 880 tons for 8000 hectares. Based on the current domestic fertilizer market price of $3.4 per kilogram in Country M, one ton of fertilizer costs approximately $3400.

The fertilizer shipped from China was priced at only $1500, and even including shipping costs, the price was less than half the price of fertilizer in the United States.

As far as he knew, the price of fertilizers in the M country had been steadily increasing.

Several large chemical groups monopolized the fertilizer market, preventing cheaper fertilizers from entering the market. After 30 years, the price of fertilizers doubled again.

Fertilizers don't have an expiration date. As long as they are stored properly, they can easily last for ten or twenty years.

He had already decided that he would cover the costs of this batch of fertilizer. If sales were slow, he would buy all the remaining fertilizer and store it for later use.

If necessary, old Lancaster owns ten times more farmland that would require fertilizer.

He will definitely recommend that Old Lancaster use this batch of goods that were resold domestically, as this will save Old Lancaster's farm a lot of money.

After calculating for a long time, he realized that if he wanted to cover the cost of this shipment of fertilizer, he would need to prepare at least tens of millions of yuan, which was beyond his cash capacity.

However, this matter couldn't be left unresolved. After some consideration, Sun Zhiwei contacted the San Francisco branch of the Bank of California.

Because Sun Zhiwei was already a client of the Bank of California, he had a dedicated account manager.

The bank manager, Seth Johnson, frequently contacted Sun Zhiwei, trying to build a relationship.

Unfortunately, Sun Zhiwei has never had this need and has never met him. Now is the time when he needs him.

A phone call was made to Johnson's office, Sun Zhiwei gave his name, and then arranged to meet at a coffee shop in the city that afternoon.

He was taken aback when he met this manager, Johnson, because he was a Chinese-American.

However, he was only slightly surprised and didn't pay much attention to it.

There are many Chinese people in San Francisco, and even more of Chinese descent, so it's not unusual to meet a Chinese bank manager, who himself is of Chinese descent.

James Robert

Seth Johnson

After announcing his name, Sun Zhiwei got straight to the point and stated his requirements.

“I have stored gold mined from my gold mine in your bank for a long time, and now I need you to grant me credit based on the total amount of gold currently stored there.”

"I see. May I ask how much gold our bank currently holds?"

"There are already 11 ounces. I own two gold mines, and they will continue to deposit at a rate of no less than 3 ounces per month."

So how much funding do you need?

"Gold is currently priced at $250 per ounce, this batch of gold is worth $2700 million, and it continues to grow."

(End of this chapter)