That's an ouch of a yearly chart. But I'd imagine it could be related to high interest rates - people not wanting to invest in explorers (difficult to raise funds to explore, and a high discount rate for 'far future' potential profits).
That's an ouch of a yearly chart. But I'd imagine it could be related to high interest rates - people not wanting to invest in explorers (difficult to raise funds to explore, and a high discount rate for 'far future' potential profits).
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