Comment by moab
7 hours ago
This is a bad take. The article makes it clear that most of them will lose money on the venture, and the reason the prices are high are due to status-mining chinese elites and traditional-medicine paranoiacs in vietnam. It's a pretty dismal situation.
If everyone lost money nobody would do it. Are they losing money because it's fundamentally unworkable or because it's illegal which makes it hard to do in a "professional" manner and therefore incurs efficiency penalties?
Your average 22yo isn't doing something like this with his buddies. Between the equipment, expertise, consumables, etc, etc, it's clearly the kind of thing that's organized and financially backed by someone (i.e. like most small business). So while most may lose money, we don't know if it's a "send out three teams and one winner pays for two losers" type situation.
The way I see it these mammoth bits are far more likely to be preserved if used as home decor or whatever somewhere in China than if they wind up rotting away when (let's be real here, probably not an "if") the permafrost melts or in some mine's tailings pile when some other industry comes through. If this was all above the table there'd be more ancillary industry around it too. Sure the tusk might be cost prohibitive but why can't every highschool biology department have a "worthless" femur or jaw or backbone segment? Oh, because it's illegal so "less profitable stuff" (i.e. same reason the cartel doesn't move low density product) like that gets discarded, that's why.
Didn't most people in the original Gold Rush lose money too?