3 ms·
You know what also comes out like gold? Actual gold :p As far as I'm aware, profit margins on iron aren't too shabby either, though I'd have to do some digging
by cygx 8y ago
You know what also comes out like gold? Actual gold :p
As far as I'm aware, profit margins on iron aren't too shabby either, though I'd have to do some digging how this all shapes up in these specific cases (Norwegian oil vs Australian gold, iron and coal).
- mises 8y agoThe difference is not just profit margins, but very different capex and opex. Capex on oil rigs is large (especially offshore), but opex is pretty reasonable. I would imagine iron mining has much higher opex. A better approach it may be to loot at the graphs of average fixed/variable/total cost, which are very different.