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10:01
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Originally posted by eastwest101:
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Everything is strategic if you are paranoid and think everyone is out to "get" you, but in this case we are talking about different companies each with their own individual and unique exploration tenements. There is the issue about what amount of exploration is "traditional" and not a secret vs the intellectual property of say some unique geophysical method or say a unique geochemical signature for certain deposits. The large "secretive" explorers like RIO and say BHP have also been spectacular and expensive failures in their track record of exploration success (with a few exceptions) wheras juniors and small explorers have punched above their weight with their limited resources. There would be many reasons for this but the main one would be that the BHP or RIO accountants have set such ridiculously high bars for what defines exploration "success" that there are only a limited number of possible Tier 1 world class ore bodies left in the exploration sphere that arent buried under 1-2km of rock or in jurisdictions where you can get your head blown off.
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I agree with your overall sentiment. Who’d be a Director? I exclusively work with them. Paranoia (or being overly suspicious) is their life.
(20min delay)