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It’s definitely easier to mine in Australia. But you can do both. It’s about marginal profitability, not absolute. Do people think we must pick just one place
by prepend 9mo ago
It’s definitely easier to mine in Australia.
But you can do both. It’s about marginal profitability, not absolute.
Do people think we must pick just one place to mine?
- dukeyukey 9mo agoYou can do both, but why would you? It's not like we've tapped out Australia. And until we have, why bother with Greenland if the same money invested in Australia, or Sweden, or Canada would yield more profit?
- prepend 9mo agoYou’d do both because up can. Why mine in Australia when you have the US or Canada, etc etc. The idea would mine in all places where it’s marginally profitable until your capital is fully committed.
- dukeyukey 9mo agoBecause those places are close enough in profitability that it doesn't make a massive difference. Greenland is real hard to mine in, needs infrastructure from scratch, and nowhere near enough of a local population.
- throwawayqqq11 9mo agoMaybe, people previously thought it was not worth it to mine in greenland and thats why there is no noticable mining operation. But what do i know about cost-ratio or thinking.