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angrydanger t1_j7r0pvu wrote

I've watched enough Gold Rush to know expectations are always higher than what actually gets mined. Estimating $3b? Week 1 clean up at about tree fiddy.

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mr_jim_lahey t1_j7qvvtc wrote

Yay, just what our state needs, a bunch of undeserved wealth falling into the laps of the state's worst political actors along with a heaping serving of environmental destruction. Hope we tax the absolute shit out of every cent they pull out of the ground.

^(edit: lol at u/highdad_soup for firing off 2 childish comments on this thread - including calling me a child - and then immediately blocking me to avoid a clapback)

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noodlebucket t1_j7r1qr5 wrote

Consolation: a similar discovery was made in the Methow and that effort was successfully blocked. With so much tourism there, the people of the valley did not support the mine, and rallied to stop it from happening.

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Xavierwold t1_j7suqnt wrote

You're not wrong. Just kind of mean. I agree with you, though.

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non-member t1_j7qhoef wrote

That’s about 50 tons of gold at todays prices.

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L00mis t1_j7r67nq wrote

grabs a pan

gets in the car

Weellllllll I am heading East…. Not like my current situation is panning out in Seattle anyway.

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LandInternational966 t1_j7t0tg1 wrote

GLoomis? Shimano is killing the brand. Weird tangent, just saw you user name and assumed.

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L00mis t1_j7uz4zd wrote

Na nothing to do with them. 10 years ago it just came to me and stuck…

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Romanmir t1_j7r9hwr wrote

WE'RE RICH!!

ROCK AND STONE!

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harrydreadloin t1_j7qtkdl wrote

That's why Kinross has been setting up for the past couple years.

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BucksBrew t1_j7r3zp8 wrote

Is Culp still the sheriff up there or is he out of a job? Put him to work.

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rosesandpiglets t1_j7rn8wx wrote

Nah Republic gave him the boot. He then cried he wasn’t given a plaque.

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mademanseattle t1_j7sj98k wrote

We pay the sheriff to handle our business for a fraction of the price of culp, a k9 and 2 officers. About 80% in fact.

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Head-Ad-996 t1_j7s0num wrote

This will be a shitshow. There isn’t a police chief that I know of and Ferry Co is already spread thin with the local crazies.

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Yllom6 t1_j7stma6 wrote

I’ve seen this same article 10 times from different sources. Word for word, the same. Seems like a very well hyped press release to me. Where are they in the SEPA process? Given the area, it seems insurmountable.

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Sadspacekitty t1_j7vxn7c wrote

Maybe if the state developed it, it'd be ok but any mining company will just suck up the money and leave asap.

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MGC00992 t1_j7qt5gm wrote

Boomtown!

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jthanson t1_j7qyaw3 wrote

That's wonderful news for the people of Ferry County. They will have access to good-paying blue-collar jobs.

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BarnabyWoods t1_j7ux0hj wrote

Probably not. These aren't sustainable jobs, because mining economies are always boom-bust. The highest-paying jobs will go to people the company brings in from elsewhere. The people of Ferry County will be serving them in restaurants and cleaning their motel rooms. But on the bright side, the people of Ferry County might eventually cash in when the time comes to clean up the mess that gold mines always leave behind. Of course, that depends on whether there's any money left to fund the clean-up.

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[deleted] t1_j7smunx wrote

[deleted]

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noodlebucket t1_j7t6xsr wrote

If you think natural resource extraction "helps blue collar people" you're misled, or disingenuous.

Edit: also the tribes are gonna nope hard on this one. As they should. Or do those people not matter.

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jthanson t1_j7snp80 wrote

I know. Anything less than insulting the poor, backward, ignorant ruralites in this sub warrants punishment.

I will repent and go out to Enumclaw and insult some hard-working blue collar people as penance.

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UncommonSense12345 t1_j7t80bg wrote

Ya as someone from a “backwater” county the amount of vitriol towards the people of poorer counties is always very discouraging. Internet people from the city are very “progressively” about their own group/beliefs but so much so of others… smh same can be said for the poor “backwater” people where I’m from too. Seems the divide is only growing bigger and little effort to bridge the gap….

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jthanson t1_j7t8ni0 wrote

And then the urban sophisticates wonder why they are reviled by us poor, knuckle-dragging slobs out here in the rural areas. It's like the Russian Revolution when the urban Socialists didn't understand why the peasants didn't like them.

Oh, wait—I'm in a rural area. I'm supposed to be one of those poor, uneducated rubes incapable of putting together a coherent sentence. I'd probably better not burst their illusion by referencing Bolsheviks canvassing the countryside looking for support from landless peasants.

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MingMah t1_j7qhdzk wrote

🔥

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[deleted] t1_j7qkdw5 wrote

[deleted]

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yaba3800 t1_j7ql3vh wrote

~80% of gold is used in electronics

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rosesandpiglets t1_j7qnw2u wrote

That’s a dubiously sourced stat fyi, gold.com is not a reliable source.

The US Geologic Survey, a non biased 3rd party not trying to sell you something, puts the number closer to 10%

“Estimated global gold consumption was jewelry, 47%; physical bar, 21%; central banks and other institutions, 14%; official coins and medals and imitation coins, 10%; electrical and electronics, 7%; and other, 1%.”

https://pubs.usgs.gov/periodicals/mcs2022/mcs2022.pdf pages 72-73

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giant2179 t1_j7qvmtf wrote

Based on that breakdown, it appears that approximately 80% of consumer used gold is in electronics, i.e. way more than is used for jewelry etc... Just my guess for what that stat really means

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rosesandpiglets t1_j7qwys9 wrote

That’s not what that means.

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Snooder365 t1_j7rkofo wrote

Genuinely no idea how they manage to read that so incorrectly... Just to truly reiterate it: "Estimated global gold consumption was jewelry, 47%; physical bar, 21%; central banks and other institutions, 14%; official coins and medals and imitation coins, 10%; electrical and electronics, 7%; and other, 1%"

How much clearer can that get?

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rosesandpiglets t1_j7rl8nt wrote

Yeah I really don’t know. Like it literally just lists the percentages… not a lot to misconstrue

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Deprecitus t1_j7qlek9 wrote

Gold is a very good conductor.

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