Value. Why do you ?
There is a difference between 3m mc befitting an explorer who has NOTHING
And 3mc WFE who after spending 6m has a bear minimum if 6-800 koz.
This is not always so. Many speculative explorers fail to spend their exploration dollars to find an economic resource .
Where would you rather spend 6m in exploration ? That is the simplicity of it.
Risk weighted exploration .
value = bird in the hand , that the market has not yet appreciated .
We all look for value don't we? Or do some of us just like paying top dollar on popular stocks ?
What is more important - to buy value from impatience ? Or buy over priced stock when the music is the loudest ?
I consider that there are speculative risks so there are no absolutely positive stocks in the spec end .
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