Following the acquisition of three molybdenum and nickel mining companies on December 30, 2010, Changzheng Electric (600112) recently signed a letter of intent to transfer shares with four mining companies in Zunyi City. If this acquisition is successfully completed, the company will contain a total of 86,900 tons of molybdenum metal and 61,300 tons of nickel metal. The value of the company has been further increased. The comprehensive market value method and net profit method. If the current equity transfer is successfully implemented, after Changzheng Electric has purchased four mineral resources for the second time, if the secondary market is given the same premium space as the same industry, its target price range is between 19.69 and 26.5 yuan, and even if the secondary market does not give corresponding premium space, the theoretical minimum value of its assets is 12.77 yuan per share. The amount of capital required for this acquisition. During the first acquisition and integration process, Changzheng Electric, with the support of the Zunyi municipal government, obtained control of three mining companies at a more favorable price. Based on the reserve value of mineral resources, the actual purchase price is 0.54% of the reserve value, while the reserve value of the current acquisition of mining resources (with the exception of the fourth company whose reserves are unknown) is around 6.383 billion yuan, so compared to the previous purchase price of molybdenum and nickel ore resources, the current purchase price should be around 34 million yuan. There is plenty of room for future development. At present, Zunyi City has discovered 129,500 tons of molybdenum and nickel ore resources, and Changzheng Electric (600112) received a letter from the Zunyi Municipal People's Government on January 24, 2011 [2011] No. 25 “The Municipal People's Government's Approval on the Molybdenum and Nickel Mine Development Issues of Guizhou Changzheng Electric Co., Ltd.” The epitaxial expansion of Changzheng Electric (600112), which is the only platform for integrated mining resources in Zunyi City, has plenty of room for imagination. It is recommended that everyone continue to pay attention to the further integrated operation of molybdenum and nickel ore resources in Zunyi City.