So the koala sat here in the eucalyptus tree on the beginning of July 4th weekend with several projects to work on but something keeps circling in the eucalyptus tree. ESG in its current form for the mining industry is effectively dead – divesting fossil fuels like coal is just a laughable pitch at this point.
I thought about this in the context of the frequent gold narratives: that the gold price is suppressed/manipulated, and that majors need to replenish the supply pipeline. Shouldn't the gold crowd be welcoming the idea of gold-mining-as-unnecessary with open arms? Less gold mining means less new supply. Less new supply means a greater chance they can achieve higher gold prices despite the BaNksTeR mAnIpUlAtOrS. :-)
I thought about this in the context of the frequent gold narratives: that the gold price is suppressed/manipulated, and that majors need to replenish the supply pipeline. Shouldn't the gold crowd be welcoming the idea of gold-mining-as-unnecessary with open arms? Less gold mining means less new supply. Less new supply means a greater chance they can achieve higher gold prices despite the BaNksTeR mAnIpUlAtOrS. :-)