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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  7/28/2014
TUESDAY, JUN 15, 2010  |  1 comments
Here's Why The Trillion-Dollar Afghan Mineral Discovery Is Bogus
People around the globe are reading widely circulated reports today of a tremendous mineral discovery in Afghanistan. Details are sketchy, but many rare and important metals are mentioned, and a potential value of $1 trillion dollars is mentioned in a New York Times story on the subject. This figure, at best, cannot be anything more than the wildest of guesses.

One does not have to be a geologist or an engineer to understand why. When geologists find outcropping mineralization, or other signs that an economic deposit of minerals may be present, that is not called a discovery. Even if the signs come from the latest scientific equipment flown over the country, as the U.S. government appears to have used, the result is still just an anomaly: a hopeful indication of where to look. And anomalies are like opinions: everybody has one. ...


CLICK HERE to Read Entire Article
www.businessinsider.com

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News Item6/15/10 11:38 AM
San Jose John | San Jose, CA  Find all comments by San Jose John
"What we have here is a regional survey that may or may not lead to significant new discoveries."

That about sums it up.

I had my doubts about the original story too.

First that country has to be secured, then it has to get off its poppy addiction, then it can focus on trying to determine if its minerals are economically accessible and exploitable

1
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