this post was submitted on 23 Jul 2023
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*fall guy
Businesses do not become unprofitable in two years, they were always shells and someone sold it to a pansy.
Mines can absolutely become suddenly unprofitable. You don't know how much good stuff is in the ground until you dig it up.
I've seen people shoot gold into the walls of a mine to make it look like there's something left in there. Only those new to the industry would fall for it.
There are absolutely ways to find out the likelihood of how much is left. They're either patsies or idiots who didn't listen to their geologists.
Somehow I don't think Errol Musk knew that much about the geology. Allegedly he bought the shares on a whim without first visiting the mine, which was in a different country.