Forget about reducing debt and saving – just open a coal mine. Where you get the capital is your baby, but find a way. Ok, maybe you should reduce debt and save first, then open a coal mine. But, at the end of the day, make sure you are coal mine owner if you plan on making your millions.
Not gold, diamonds or other precious gems. Coal. Supply simply cannot keep up with demand and, given the way we all live, coal will always be necessary. Even if a green lifestyle is embraced – there will still be a need for fossil fuels.
Coal will be king in the commodity markets according to Evy Hambro of Blackrock. When one of the biggest investors in the mining industry reckons coal is where it’s at, it’s time to get down to business and make it happen.
So, how exactly do you go about opening a coal mine? Well now, that’s quite a thing.
First, decide on the type of mining you want to do: shaft mining, slope mining, drift mining or open pit mining.
Second, find a big enough location with enough coal reserves to keep you going.
Thirdly, start digging.
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