Loading ...1. Every operating mine is a depleting resource .
2. While PM prices are kept low , miners are forced to a) borrow more , b) high-grade (accelerating depletion ) , or c) dilute shares. Banks and big money elite win , collecting interest ( the former ) or ( the latter ) scooping up real money (PM’s long term ) for fiat ( which can collapse , and they are hedging their bets , it appears {see Rob Kirby} ).
3. Open pit operations accelerate costs as the operation grows , because the hole keeps getting bigger and more expensive per ounce recovered – unless there is a new , very rich discovery deeper in the pit , which is unlikely .
4. Underground mines ? see 1. above .
Conclusion ? I would have done much better by following WineDoc’s lead… ‘Keep stacking’ .
That is what the big money appears to be doing . The problem is keeping it safe .