On Sun, Jun 13, 2010 at 7:18 PM, Max B. Sawicky <[email protected]> wrote: > http://www.nytimes.com/2010/06/14/world/asia/14minerals.html?src=twt&twt=nyt > imes
Apparently this is a public relations ploy by the Pentagon. All the information on which this is based has been on-line since 2007. To paraphrase the link I provide below: The discovery of 1 trillion was made by multiplying the market value of the minerals by know resources (not know reserves). But of course that is not the NET value. First it costs something to extract process and transport minerals, which means that even if 100% were recoverable possible profits would be a great deal less than 1 trillion. And of course it would very rare for 100% of minerals in the ground to be economically revcoverable. One trillion in resources almost certainly does NOT mean 1 trillion in reserves. So what is true in all this is not new. What is new is not true. http://blog.foreignpolicy.com/posts/2010/06/14/say_what_afghanistan_has_1_trillion_in_untapped_mineral_resources Tiny URL Version: http://tinyurl.com/38ofpbe _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
