The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 12 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 2 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Feldmann: US has no other rare earth deposits ready for production
“There are no other decent rare earths deposits in the United States that we can just spin up production at.”
Feldmann: Unaware of Chamath rare earth projects beyond MP Materials
“I haven't heard anything about Chamath's involvement in any rare earth project beyond he helps back camping materials five or so years ago. I haven't heard anything. Maybe he does. I hope he does. That would be great. There was some massive rare earths mine th…”
Feldmann: Canada attracts much more mining capital than the US
“Canada has a lot more capital flowing into mining than the United States does today.”
Feldmann: Drilling out a mineral deposit costs $100 million
“In order to find that on a deposit, you gotta spend a hundred million dollars to drill out.”
Feldmann: Autonomous drilling rigs will still need on-site personnel for five years
“We're never gonna get to a point where you don't need at least someone on site, at least not over the next five years, because you need a flat surface to drill on.”
Feldmann: Junior miners go public early on TSXV, ASX to fund drilling
“Many of these companies go public extremely early on, on the TSXV or the ASX, and they raise capital and spend most of that capital on drilling to actually collect more data.”
Feldmann: Global mining is a $2T to $3T market
“And like mining overall is a two to three trillion dollar industry, kind of, yeah, overall market size.”
Feldmann: MP Materials produces about 15% of global rare earth supply
“MP produces about 15% of the global rare earth supply.”
Feldmann: Traditional drilling of a 1,000-foot hole takes 10 days
“So a good shift is about 50 feet in a day. And so 12 hours, 50 feet, a thousand foot hole, 20 shifts, 10 days.”
Feldmann: Traditional core drilling costs approximately $100 per foot
“And you're looking at about a hundred dollars a foot.”
Feldmann: Abandoning drill steel in a borehole costs at least $10k–$20k
“You lose some steel in the ground. Oh, well, you're out, 10, 20 grand at least.”
Feldmann: Durin aims to build thousands of automated drill rigs by 2031
“We are we're teaching SpaceXers how to drill and drillers how to participate in a high functional, high functioning engineering organization. And so I think you gotta do both. If you're trying to build a large organization and manufacture thousands of these ri…”