Ann: RIU Explorers Conference Presentation, page-61

IMO the sp wekness is a combination of sharemarket volatility, economic uncertainty, war, high inflation and uncertain times as well as authotarian gov'ts. People aren't going to invest in an explorer they will rather by a producer. When the pog bull market starts in earnest the explores will be the last to run but then they can 10x. It's a combo of patience and belief. Good luck all