Eric Lipton
speaker
759 appearances
6 recordings
4 series
first heard Feb 2025
last heard 5 Aug
Eric Lipton’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
And they won't give us a straight answer.
They say, well, we have nondisclosure agreements that we can't say how we first learned that this deal was even available.
We still don't have a solid answer as to how the Trump sons and their partners got linked up with this deal.
I mean, one of the things that Trump sons have repeatedly emphasized to us is that they're passive investors in this project.
But by the end of last year, they and their partners have lined up access to one of the most valuable tungsten metal sites in the world, something that multiple countries wanted access to and that the president and commerce secretary helped them secure.
It's an incredibly valuable site.
There's something like $80 billion worth of tungsten sitting in the ground, and they now are in a position to exploit that.
there's a good chance that the investors are going to make a fair amount of money on this deal, assuming that the federal government comes in and actually provides the financing.
And that's because if the mine is a success, then they'll make money off of the tungsten that they produce.
They can sell it.
But even if they don't mine a single ton of tungsten,
The mining company that the Trump sons and their partners invested in, that's a public company.
And so they could potentially still make a boatload of money by just selling stock to people who think that there's money to be made here.
And so there's a lot of value and a lot of money that they can make even before the mine opens.
That's right.
I mean, that's what investment analysts who track the mining sector tell me, is that most of the profits in the mining sector are made when you discover the metals and you get a permit to mine them.
It's not the long, hard, dirty work of actually digging out of the ground.
That's a low margin.
The big profits are when you make the discovery.
And that's the stage that the Trump sons and their partners are invested in right now.
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