Some people should inquire with BHP, S32 and RIO as to how many holes that they actually drill before coming up with a decent one.
I think that they would be surprised by their answer.
Also the big boys mainly wait until some junior like us comes up with a promising find before they swoop in and buy them out, thus avoiding the expense and frustration of exploring.
That is why explorers pay huge multiples when they do find something as it is so bloody rare.
Many here should evaluate the class of shares in which they are operating.
Maybe da banks would be better.
Remember the odds are about 100-1 in exploration.
Only dreamers like us back horses at 100-1, but I, for one do not expect much anymore.
Lockitt
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