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The Paradox of Commercial Mining In The Ground
A St Paul figure declined a $5 0000 stake in Le Roi mine after friends warned him. London sold the mine for 6 000 000 later, making that advice cost him a million. The piece questions why prominent stocks require general subscriptions and why locals don’t seize full control, comparing mining to ordinary commerce and stressing risk and opportunity. It argues that commercial mining involves distributed investment to reduce uncertainty and attract cautious investors.
MENTIONED IN THIS ARTICLE
le Roi
St. Paul
London