I agree we are worth more at the current resource size. I mostly invest in either explorers or developers and when I assess a company to come up with a potential value it is based only on what they currently have rather than any exploration upside yet to be proven.
This can limit my upside somewhat but it limits my downside much more on the spec plays I like to invest in and has worked well for me thus far. I suppose I try to take a value approach when it comes to investing in spec companies. Everyone has their own approach and I don’t have the geo knowledge to be comfortable speculating on the probability of further exploration success, so I don’t.
Risk/reward is definitely on our side as you say, and if the resource gets a decent boost in size then we should definitely see a boost in the share price in the near term. ESS will have its time I’m sure, the higher our peers relative share prices climb, the better the value case for ESS gets.
I think we likely have similar ideas on our prospects here, just different ways of getting to the end result.
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