Volume 3 Chapter 139 Non transferable core technology
Volume 3 Chapter 139 Non transferable core technology
"A million gold coins?" Count Sean gave a heavy snort, "This Sampson, when I discussed Sowell City’s renovations with him, I wanted him to take the lead in investing in this project, but he avoided it in every way possible. He kept saying that this Meierda Company didn’t have this amount. Now he’s actually taking out a million for this piece of technology."
Xu Yi said with a faint smile, "Lord City Lord, the city construction project isn’t a matter of his company, so of course he isn’t willing to take out money. As for the steel making technology…..I feel that his price of one million is actually too low."
"One million is too low for you?" Count Sean looked at Xu Yi in surprise, "Is the steel making technology worth that much?"
"Of course." Xu Yi gave a certain nod, "Lord City Lord, you should know about our company’s two steel mills at the Falling Rain Valley, right?"
"Un, the second mill wasn’t finished when I left. What? Has it already started producing?" Count Sean asked.
"Right." Xu Yi revealed a meaningful smile, "Lord City Lord, can you guess how much profit our company earned last year from those two steel mills?"
Count Sean knit his brows and said in a thoughtful voice, "Look at your proud look, it shouldn’t be little. In a year…..You said before that the monthly profit of a single steel mill was a hundred thousand gold coins. Then if this steel mill is a bit bigger than before, it should be around two hundred thousand a month, so in a year……"
After calculating in his mind, Count Sean was stunned.
Because he found that with his calculations, the Frestech Chamber of Commerce earned three hundred to close to four hundred thousand gold coins from the steel mills each month!
If they had the same profit for an entire year, that meant that just with two two steel mills, wouldn’t the Frestech Chamber of Commerce be able to earn four to five million gold coins in profit?
Count Sean was completely shocked by this number.
In the two years he was Banta City’s City Lord, although the Frestech Chamber of Commerce developed quickly, he thought that their background and abilities could match the old companies of the city.
But looking at it now, he found that while their backing wasn’t as good since the Frestech Chamber of Commerce was newly founded, in terms of the biggest representation of a company’s strength, in terms of profits, they might have surpassed all the other companies in Banta City!
The Frestech Chamber of Commerce could earn four to five million a year just from two steel mills. If he added in the large amount from the other magic machines, with their terrifying profit, wouldn’t that mean that the Frestech Chamber of Commerce was earning over ten million gold coins a year?
"This…..Although the profit is considered good, Lord City Lord, our company spends a lot in other places." Xu Yi gave a yawn before continuing, "Look, my initial estimates in the investment in Sowell City was already a million gold coins. After adding everything together, I think that we need to spend at least five million gold coins.
Count Sean glared at him and said with a cold snort, "You think that I don’t understand you? Kid, with your abilities, you’ll definitely earn back several times your investment."
Xu Yi laughed and didn’t refute it.
Count Sean waved his hand, "Alright, it’s good that your Frestech Chamber of Commerce earns more, there are more benefits for me. I actually want to see you guys earning more and more. But Xu Yi, are you planning on transferring the steel making technology to the Meierda Company?"
Xu Yi shook his head, "No, I said it already, one million gold coins is too little. Although this chairman Sampson has boldness and foresight, he still hasn’t seen the large profit from the steel making technology in the future."