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Gold/Mining/Energy : Newfoundland Gold Camp

NFLDF 0.0461

-7.8%

Oct 31 11:10 AM EST

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To: Roads End who wrote (162)	11/8/2021 5:18:30 PM
From: sense	of 254

If the technology is so great why hasn't it been more widely deployed industry wide and why wasn't NFG already using it? Many answers... It's new enough that its just not that widespread yet... but Chrysos... working on spreading it as fast as they can... has contracts secured for a further nine units, which represents 150% growth on its current deployments and locking in its manufacturing capacity for the next 12 months, it said. This will bring the total number of deployed and committed PhotonAssay units to 15. Chrysos anticipates accelerating demand over the coming years in a worldwide market with room for approximately 350 units. "The industry" though ? As all industries, the business Chrysos seeks to create is going to put a lot of the existing market participants out of work... and only more in the degree the "better" tool is made the new standard. They, naturally, can be expected to try to obstruct the process of integrating the capability into the rules... because "they have some important concerns that"... ? The "Rules" become a structure that protects "the guild"... ? I think its a better question... why, given this tech really has been around a long time... it's not ""new" science... is it only now that CSIRO has found it useful to work on engineering it into a useful device ? I don't think that's even about mining... but about the broad failure of markets in innovation under the current market structures... which aren't "free markets" that encourage and reward innovation and risk taking... but "managed" markets that punish innovation that doesn't fit into the "state directed" focus of control ? Why would miners need a government funded science lab to create this for them... ?

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