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re: Earth AI Discovery of unexploited mineral deposits is relatively easy already, this is not a big driver of commercial viability or mining economics. That w
by jandrewrogers 7y ago
re: Earth AI
Discovery of unexploited mineral deposits is relatively easy already, this is not a big driver of commercial viability or mining economics. That will be a difficult part of the value chain in which to make money, the nominal value of extractable mineral is very weakly connected to market value of a deposit. A rich concentrate of valuable metals does not imply economic value in practice. Extraction economics, on the other hand, is everything and can vary widely. Most mining companies already have a huge back catalog of unexploited deposits that they do not count against reserves (and most mining companies are incentivized to lowball reserve estimates in any case).