Short Term Trading Weekend Lounge 4-6th Mar., page-82

I understand what you are trying to say but you are using a very bad example with dairy specs to do it


Dairy/Infant formula requires large cap ex to get off the ground

Exploration does not

A spec lithium stock can raise a few hundred grand and go off in search of the next big Lithium deposit
A spec dairy play can't raise a few hundred grand and go off in search of a herd of cattle to milk

The dairy plays don't have an exploration phase, just a production phase