I'm not called the LED Punisher without reason!
I'm not called the LED Punisher without reason!
A little unlike IEEE to be nearly half a decade out of the loop.
The most important features of these deposits is that they act like distillation columns for metals. Due to weathering and associated sulfuric acid, different metals separate out at different layers of the geology. This creates valuable concentrations for mining purposes.
In modern mining, we kind of ignore these structures for iron mining purposes even though they are frequently > 50% iron by mass. If you find such a thing, you are more interested in the gold, silver, copper potential that is capped by an iron-rich gossan mineral. Iron is a cost sensitive commodity, you need to be able to mine it at very high concentrations and scales to be profitable. If that mineral has a pile of gold, silver, etc distilled underneath it, you’ll be more interested in that.
Not all copper comes from these mineral formations but a lot is. Often, the hematite is mixed in with the copper mineral. I have a mineral exploration prospect right now which is essentially this. Amazing hematite crystals mixed with copper with strong assay signs of gold underneath. It is a predictable motif in mineral exploration.
Did you actually assay out anomalous gold concentrations or are you seeing the sulfides and oxides that are associated with gold? If the former, what sort of concentration are you getting?
Sometimes, but not always. I did a quick search on who it is for EA, but didn't find anything.
> They force the company they just bought to pay them loan terms they set for the privilege of buying the company they just bought.
If the buyers are also the lenders, yes.
> That's why LBOs are pretty much a corporate Ponzi scheme.
It's not a Ponzi scheme because it's not multi-level and no one's left holding the bag. In the case of buyers also lending, there isn't even a sucker in the deal. If the company goes bankrupt, it either goes into chapter 13 bankruptcy, restructures debt (that the owners are paying?!), then continues doing business, or it goes into chapter 7 bankruptcy, liquidates, and pays debt holders with assets that are sold off. If you bought it and this is your goal, it seems easier to buy the company and immediately sell off its assets. Why bother with the hassle of LBO if the company is worth more dead than alive? Holding the debt is actually a sign of confidence in the company.
With the LBO cases you hear about PE doing, the debt holders can end up holding the bag. It's also not a Ponzi scheme because they're big boys making big boy deals. It's risky debt that's hard to price and everyone knows it.
You could argue employees are left holding the bag, but not really, since the company didn't owe them anything beyond a last paycheck. They're affected, but that's not the same. Bondholders actually lose money.
Not multi-level YET. I've seen many companies undergo multiple LBOs, which only inflate things and leave someone holding an empty bag at the end. It can become one very, very quickly.
Plants are a way different and more difficult ballgame (they like to mess up my satellite data) so as I read I am not surprised to see that this didn't really give proper results.
Ah, and there it is. Why shouldn't Y-Combinator be a force for evil like the rest of them? Paul Graham has been off his rocker for about as long as I can remember now, unfortunately my memories of people like this doing anything good for the world are so far in the past, they're fading. What a shame.
We should figure out a way to hold YC accountable for their helping these companies screw our rights and privacy.