I find this perspective funny nowadays, and I want more people to question it, really question it. It’s valued at over $1.5 trillion? No, it’s worth nothing if it just sits there doing nothing. If you worded it as “Could be worth…” then I’d give it a pass. But don’t let yourself be fooled, that lithium has absolutely no real value if it’s not mined and put towards something that someone can use to improve their quality of life.
If you’re homeless then at your current time it’s valueless. It’s like being told “there’s an abundance of food being grown… in 5 years” and you die of starvation.
A trip to wiktionary will inform you that value has multiple meanings. And honestly a random persons opinions don’t really matter in the mining world which is pretty small and doesn’t really care about general society.
technically, it enhances the value of the land it’s under. as in if you own that land, and someone wants to buy it for mineral extraction, the value got whole lot higher knowing there is lithium there.
I can get to my house, and I can value it at 5 trillion €. That doesn’t make it worth 5 trillion €.
If an actual person/company that values things for a living, does an analysis on the value of my house, and it is valued by X€, then it is probably valued at X€. If someone says “pff just because they say so? I’ll buy your house for 5€”. Then a lot of people will come and say “5€? That’s a steal, if you’re gonna give it for such a low price, I’ll get it for 6€”, and it will probably go on until it reaches an amount very close to X€. If it ends up way below X€, the ones that did the analysis would probably want to buy it themselves, because they actually think they can make a lot of profit on that.
I don’t know why I have to explain this. This is very basic economics.
I find this perspective funny nowadays, and I want more people to question it, really question it. It’s valued at over $1.5 trillion? No, it’s worth nothing if it just sits there doing nothing. If you worded it as “Could be worth…” then I’d give it a pass. But don’t let yourself be fooled, that lithium has absolutely no real value if it’s not mined and put towards something that someone can use to improve their quality of life.
That’s… That’s what “valued at” means…
No it’s not, I don’t value it at all because I can’t actually use it for anything right now.
“I’m homeless right now, so future affordable housing is worth nothing to me.”
If you’re homeless then at your current time it’s valueless. It’s like being told “there’s an abundance of food being grown… in 5 years” and you die of starvation.
But that’s how people use it though? It’s used to mean “we’re think it’s about this much”
A trip to wiktionary will inform you that value has multiple meanings. And honestly a random persons opinions don’t really matter in the mining world which is pretty small and doesn’t really care about general society.
Right but you’re not a billion dollar company that will excavate the minerals and sell them for a profit
How do you know they’ll do that? What if it just sits in the ground for a million years, does it have any value then?
technically, it enhances the value of the land it’s under. as in if you own that land, and someone wants to buy it for mineral extraction, the value got whole lot higher knowing there is lithium there.
Like to make it completely clear, I could value the moon at $5 trillion, it doesn’t matter because I can’t actually get to the moon.
I can get to my house, and I can value it at 5 trillion €. That doesn’t make it worth 5 trillion €.
If an actual person/company that values things for a living, does an analysis on the value of my house, and it is valued by X€, then it is probably valued at X€. If someone says “pff just because they say so? I’ll buy your house for 5€”. Then a lot of people will come and say “5€? That’s a steal, if you’re gonna give it for such a low price, I’ll get it for 6€”, and it will probably go on until it reaches an amount very close to X€. If it ends up way below X€, the ones that did the analysis would probably want to buy it themselves, because they actually think they can make a lot of profit on that.
I don’t know why I have to explain this. This is very basic economics.
False analogy, a house isn’t a raw material in the ground that no one has touched.
Let’s do one with raw material in the ground:
There is a mountain that is 99% made of solid gold, but none bothered to check. Some random dude has the mineral rights for that mountain.
Suddenly one day, that dude wanders in his mountain and makes a 1m deep hole and finds the gold. He has not yet extracted a single gram of gold.
So you say that mountain has no value?
Or has the analogy have to be lithium now?