Mill Finance

I think the cost of building an ore processing mill will be far less than many have estimated. Such estimates seem to be based upon current financial conditions. If deflationists (not disinflationists) such as Jeff Snyder, Jim Rickards, Bob Hoye, David Rosenburg (last I checked), Bill Holter, and others are right, the cost will be far less than the estimates posted here. That would be because a U.S. stock market crash a la 1929 (causing capital destruction exceeding current price inflation) would drop construction costs massively. Before someone says the U.S. Treasury or Fed will print enough to offset such capital destruction, please understand the Fed is reactive, not active. Such efforts, being behind the curve, will fail. Goldsoldat