He makes a good case though that the profit margins on revenues are nothing out of the ordinary - ~10%, compared to intel 20%, or microsoft 30%. It's just the high revenues because it's such a large industry that make the numbers seem large.

Slightly OT, but in big picture 3a ~11min mark, JP mentions a company (without naming it) with "Aurelian-like" results that got hammered by short positions.

8m 55g/t Au

10m 56g/t Au

32m 15g/t Au

Does anyone happen to know who this is?