Continuing from the last post, let’s talk about mining risks. Let me say this three times for emphasis: Mining is operation, operation, operation — not investment! If you’ve never managed operations, you might think it’s no big deal (which is why so many private equity funds confidently buy real businesses and then crash and burn — like what happened to The Bay, ruined by private equity 😂). But if you’ve ever done operations, you know how huge the difference between success and failure can be! Mining operations involve many aspects, so let’s break them down one by one:Electricity:Electricity is the... Continue reading