Definitely don't think explorers are only worth investing in on the move to production. Simply the companies I mention, i would not want to be holding till production.
I have the opportunity to look over 100s of projects a year. There is just so many sharks put there. It's sad because I know a certain amount of salesmanship is required in the explorer space, but it seems the quality of the resource dd is generally inversely proportional to the amount of spruiking the management team does.
EAR Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held