Timmy elsewhereOctober 27, 2012 Tim WorstallTimmy Elsewhere8 CommentsAt the ASI. The real reason every generation runs out of mineral reserves. previousGuess what? It wasn\’t the greedy bankers!nextI\’m alright with children of privilege: but not if they\’re a boor 8 thoughts on “Timmy elsewhere” blokeinfrance October 27, 2012 at 3:06 pm Very interesting article Tim. Is the “extraction horizon” a generational thing or is it just that NPV calculations get a bit silly in the long term so mining companies can’t be sure of their value? In the case of minerals where we know that we know that we have more than a generation’s worth, like tellurium, shale gas or (er) scandium, are these minerals always found a) as a byproduct when looking for or mining something else or b) dissolved in the ocean? Tim adds: It’s about NPV more than anything else. I would caution though. The points I’ve made are not strictly true. They’re a tendency, not an absolute fact about the world. Arnald October 27, 2012 at 3:14 pm You get paid for that rubbish? It’s not even intellectually sound. bloke in spain October 27, 2012 at 3:19 pm Alright Arnald. Give us the benefit of your wisdom. Why isn’t it intellectually sound? Genuinely, I for one, am interested dearieme October 27, 2012 at 4:15 pm If you’re going to talk about replacing copper, then for maximum effect you should mention what they did on the Manhattan Project. Always raises a laugh. ZT October 27, 2012 at 6:10 pm Confess, Tim. Arnald isn’t real, you just made him up for the laughs. blokeinfrance October 27, 2012 at 9:36 pm ZT 5 No, apparently real. Less a troll than a garden gnome, however. I’m growing quite fond of him. bloke in spain October 28, 2012 at 8:01 pm “Less a troll than a garden gnome,” You got it bif! I know the one you mean. Looks like it’s holding a fishing rod, at first glance. johnny bonk October 28, 2012 at 11:30 pm Technology usually outruns depletion. Often incremental, better diggers, better transport, better diesel engines, better seismography, better computers etc. Experience suggests that most of the stuff we get out of the ground will become ever cheaper into the far future. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.