“One can only do this provided that one is backed by a strong capital, Old Master Hurlbutt. In short, one should spare no expense in exchange for the greatest share of earnings in the shortest time possible.
“Even though this is a good method, it can’t be used often as the price-performance ratio is too low.”
Jasper said rationally, not losing his head just because Gale complimented him.
He needed to prepare Gale mentally lest he thought he was losing money upon finding out that he had merely purchased 25% of Skyward Aluminum’s shares with a whopping ten billion.
“Mineral resources are massive gold-swallowing beasts. Skyward Aluminum’s mine in the Southeast Province was initially worth 60 billion in exploration value. Even after several years of development, it is still worth about 40 billion. This money is worth spending.” Gale laughed.
Jasper grinned but did not proceed with the topic.
He could think of several massive mineral resources overseas off the top of his head. Once those mines were developed, each of them would have an output value worth hundreds of billions, and most importantly, the currency was in US dollars.
However, he could only set the plan aside because first of all, the time was not right yet; second of all, the funds and power he had were not enough for him to develop foreign resources.
Nevertheless, the mines would always be there. As soon as Jasper was competent enough, any mining site he chose to develop could easily surpass the mine that Gale and Conrad treasured so dearly.
“I plan to hold a shareholders meeting. I’ve submitted the application to the Securities Regulatory Commission this afternoon and an announcement will be made much later. Are you sending anyone over, Old Master Hurlbutt?” Jasper asked.
Gale was in high spirits, saying, “I am not going to make a trip there myself. I put you in charge. It is not that easy to earn my commission, you know? I still need you to run a few errands for me.
“Just do what you need to do. I do care about that young man Conrad Monty. His father Steven Monty used to be my good pal. I will talk to him.”
After receiving Gale’s promise, Jasper said, “I’ve been waiting for you to say those words. Well then, wait for my news tomorrow.”
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