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And that's cool for mining, or oil, or any other business with high variable and low capital costs. Because then you can loot while the looting is good, and then scoot once the shit hits the fan.

But if 90 % of your costs are capital costs, you need the project to survive until you've paid off the last loan.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jun 26th, 2011 at 04:04:16 AM EST
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