4DS - Anything but Charting, page-30995

We went through a period where money in the bank was essentially earning nothing and borrowing it was cheap. During those times the spec market was running hot. Everyone with a spare thousand or two was looking to buy something that could generate outsize returns.

Now you can get 6% just keeping the money in the bank, or you save a bunch paying down the principal on the mortgage. There was an article in The Age about this. If you have a spare $1000, you're chucking it on the offset.

Specs are always going to lose out in that situation. Blue Sky promises aren't enough. Look at BRN - loads of potential, lots of development partnerships, no revenue.

I'm following a copper junior on the ASX that has billions of dollars of accessible copper in the ground, developed underground workings, in a copper producing region - market cap of that company? $21 million. On the face of it, that company is massively undervalued, especially when projected global demand for copper is well in excess of what is in production.

In 4DS case there's not even a way to value the IP unless you are an insider, it's total black box.