@danswiles No worries Daniel - I would love to buy you a pint sometime, if you are amenable. You have made a great piece of art which caused me to think about my family's coal mining roots in a different (albeit darker!) way. Good on yer.
I just finished reading @danswiles
brilliant debut, Mercia's Take. As the descendant of a long line of Pelsall and Brownhills miners, it really moved me. Thanks Daniel.
https://t.co/t8JboxYLDx
Anthropologist Margaret Mead was asked by a student what she considered to be the first sign of civilization in a culture.
Mead said that the first sign of civilization in an ancient culture was a femur (thighbone) that had been broken and then healed. Mead explained that in the
@thegoodexpert@fulelo@Piethagoram@Channel4News Name-calling is not the way forward on this. We are all faced with some very scary uncertainties. We need to listen carefully to scientists and mute the Oxford PPEs. Govt strategy is a gamble, but I do believe it is science-driven.
@SRSroccoReport@economymarkets An observation - I have never met a gold mining company CEO who would consider their businesses to be "price-makers" via their production costs
@SRSroccoReport@economymarkets Interesting debate. I may be able to pull some energy intensity per ounce data together going back to 80s. Will share if I can find it.
@SRSroccoReport@economymarkets Hmm... but lower ore grades have also been facilitated and mitigated by larger trucks, bigger mills, efficiencies of scale. I am not denying there has also been a geological depletion effect, but scale has been a big factor.
@SRSroccoReport@economymarkets Other points to consider - exchange rates are biggest single driver of changes in production cost. Energy typically 20-30% of gold mine prod costs.
@SRSroccoReport@economymarkets Mines are dynamic systems. They can selectively mine high grade, defer stripping and live off their balance sheets. This is what happened back then. Thay can't do this forever, but miners are very reluctant to close operations.
@SRSroccoReport@economymarkets Not necessarily. Cut-off grades would rise, projected mine lives would be shortened, but many mines would hang in there. We saw this in 97-2001 bust.