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Gold Prospecting
Gold localities & information
Gold production from Kalgoorlie's Golden Mile 'overstated' by more than $1.7b!
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<blockquote data-quote="user 4386" data-source="post: 639673" data-attributes="member: 4386"><p>Depends whether you are discussing mines, politicians or - as in this case - the national news service that is supposed to at least be able to do childhood maths. The problem is not lying, the problem is giving all the figures then calculating incorrectly from them.</p><p></p><p>It also overlooks the fact that historically most mine gold production is its bullion produced, not the refined gold produced from it by the mint. But that was not my point - noone seems able to do mental approximation nowadays to immediately see if figures are the correct order of magnitude!</p><p></p><p>And imagine if we had a news story about every goldfield that understated or overstated its past production over more than 100 years by 1%!!!</p></blockquote><p></p>
[QUOTE="user 4386, post: 639673, member: 4386"] Depends whether you are discussing mines, politicians or - as in this case - the national news service that is supposed to at least be able to do childhood maths. The problem is not lying, the problem is giving all the figures then calculating incorrectly from them. It also overlooks the fact that historically most mine gold production is its bullion produced, not the refined gold produced from it by the mint. But that was not my point - noone seems able to do mental approximation nowadays to immediately see if figures are the correct order of magnitude! And imagine if we had a news story about every goldfield that understated or overstated its past production over more than 100 years by 1%!!! [/QUOTE]
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Gold Prospecting
Gold localities & information
Gold production from Kalgoorlie's Golden Mile 'overstated' by more than $1.7b!
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