hi speculator101! thanks for taking the time to explain all that.
I'm still having trouble wrapping my head around ZNC and all their projects.
Am I right in thinking ZNC is a pure explorer?
I guess I still don't see how an explorer is judged on their progress (hence, rewarded).
With a miner, for me it's easier to roughly see their progress, since they have the various studies to complete, before going on to the next step of the project, to ultimately getting the mine up and running.
Can you give me an example of an explorer that has recently completed their project (reflected on the share price)? It might give me more ideas on how they work.
Thanks very much for your patience.
cheers
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