2 million dollar coal mine

[Auld Phart]

worth $37 billion.

Wall Street banker pays $2 million sight unseen for coal mine then discovers it's filled with $37 billion worth of rare Earth elements

Former Wall Street banker Randall Atkins got a lot more than he bargained for when he paid $2 million for a Wyoming coal mine without even seeing it in 2012. At the time, he planned to make money selling coal from his mine to other plants. That was before he conducted a study in conjunction with...

www.yahoo.com

some people are just lucky.

 

[MarathonMike]

worth $37 million.

Wall Street banker pays $2 million sight unseen for coal mine then discovers it's filled with $37 billion worth of rare Earth elements

Former Wall Street banker Randall Atkins got a lot more than he bargained for when he paid $2 million for a Wyoming coal mine without even seeing it in 2012. At the time, he planned to make money selling coal from his mine to other plants. That was before he conducted a study in conjunction with...

www.yahoo.com

some people are just lucky.

That's $37 BILLION! But there is an enormous amount of processing that goes into extracting the rare Earth minerals that is very costly and damaging to the environment.

 

[Auld Phart]

That's $37 BILLION! But there is an enormous amount of processing that goes into extracting the rare Earth minerals that is very costly and damaging to the environment.

fixed

 

[The Sage of Main Street]

worth $37 billion.

Wall Street banker pays $2 million sight unseen for coal mine then discovers it's filled with $37 billion worth of rare Earth elements

Former Wall Street banker Randall Atkins got a lot more than he bargained for when he paid $2 million for a Wyoming coal mine without even seeing it in 2012. At the time, he planned to make money selling coal from his mine to other plants. That was before he conducted a study in conjunction with...

www.yahoo.com

some people are just lucky.

Zero-Growth Gurus Deserve a Zorro Carving

There's no such thing as a rare element. We've barely scratched the surface of our planet's riches. Geology must advance from its primitive descriptive state and start figuring out where the resources are hiding. There must be a reason why these elements are hidden in that particular coal seam in that area.

We must stop wasting young minds on secondary subjects like computer programming and useless mind-candy like astronomy, although how the Earth was formed may indicate where the most valuable elements are. But astrogeeks would never think that is important to know.

 

[Anomalism]

That's $37 BILLION! But there is an enormous amount of processing that goes into extracting the rare Earth minerals that is very costly and damaging to the environment.

I'd probably just resell it at a discount considering the new value and what I paid for it. I'd get a huge payday just for shifting some assets around and wouldn't have to manage any of that stuff.

 

[Dekster]

rare earth minerals are not really that rare. It just takes a massive effort to harvest them and can leave behind a hell of a toxic mess depending what else is in there with them--notably uranium.