The Venezuela situation goes well beyond oil and gas: Venezuela currently holds an estimated 4 BILLION TONS of iron ore reserves. Estimates show Venezuela's has the 12th-largest iron ore reserves in the world. 1 ton of iron ore is currently selling for $107, making these reserves worth ~$428 BILLION. Iron ore producers often see high operating margins, sometimes exceeding 40-50%. This means extracting these reserves could generate over $200 billion in profit. That's nearly DOUBLE Nvidia's net income for the entire 2025. The amount of wealth beneath Venezuela is staggering.(The Kobeissi Letter)