great post dexter,
would just appreciate you explaining one point.
you implied that juniors can afford risky & unproven targets and majors cannot? i dont quite understand that. surely a big company like shell can afford some significant expense on exploration???
something i cant quite grasp at present, have never quite understood why some majors farm out good potential tenements to juniors to explore when they are hugely profitable in their own right???
cheers.
hartleys report, page-8
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