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Investing in Mines - What You Learned?
With metals it's easier to make that estimation. If the world truly wants to electrify the global fleet of cars, we basically don't really have enough copper based on what we know today. We can just solve that by forbidding people to have cars. But with nickel it's even easier. And with gold it's the easiest. In terms of you're always at a shortage of gold. It's the hardest thing to get out of the ground. And it just keeps getting harder and harder and harder. So there's this difficulty curve. The same is true of something like nickel. With coal, the argument isn't so clear because you don't necessarily need,. Coal is a great