Most Disadvantageous Lottery in the World

Aug 01, 2017
IanRunge
0
Batteries, Central Banks, China, Coal, Commodity Prices, Copper, GFC, Iron Ore, Money Supply, Oil Shale, Reserves, Resources, Technology

Noosa Mining and Exploration Conference, 2017. �According to Adam Smith – the father of Economics, and obviously no fan of mining – the search after new mines is “perhaps the most disadvantageous lottery in the world.” �(from “The Wealth of Nations” 1776). � If you treat the business of investing in this industry just like a lottery it probably will turn out to be a disadvantageous one. �This presentation adds mining knowledge, technology, and economics to tilt the playing field away from a pure lottery-type strategy to one that has a greater chance of making money. �It examines some common errors and misconceptions in mining, it looks at commodity price cycles from a mining investment perspective, and where we are in the general business cycle and commodity price cycle. �It looks at some of the key characteristics of mining investment decisions today to be aware of and to establish priorities for mining project investment and development.

Download a PDF file of the paper:�Noosa_Paper_2017e