Fair view Odysseus .... a different view of a legitimate business model to what most would think is usual though but a viable model nether the less, I personally would prefer the model where they start off as an explorer with the intent of converting finds into production assets, at the very least with the view of having an ongoing income stream capable of supporting the business and some exploration.
The view that 'There is very little or no prospect of becoming another Woodside or Major' is counter productive though, why not? Did not Woodside etc start off small? ... Aim for the moon :)
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