IKN

a plague o both your houses

Mako Mining’s (MKO.v) CEO has a revelatory economic model

According to Akiba Leisman of Mako Mining (MKO.v), “Strip ratio does not drive our economics AT ALL“. And that’s a direct quote, with Leisman’s own emphasis at the end. Feel free to confirm with the man himself, though to save time we can confirm he indeed wrote and published those words yesterday. No faking the context, either.

This is going to be crazy. He’s already blown up one mine, now we get to see another project crash and burn through absolute incompetence. It’s a never-ending source of wonder how the honest end of the exploreco world scrabbles for money while the dumbest companies possible get cashed-up on a whim and a cool sounding snake oil story.

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