Alternatively you might see this level of conservatism and rigour as a positive, the alternative of blindly pushing ahead with the tech and know how of the day has killed shareholders at SO4 and KLL and possibly killed serious funding for the sector.
…. As for the Shaw’s research, it’s pretty hard for the researchers to nail down these small cap miners early on in the piece, take all with a grain of salt.
In or out ….there’s always a big leap of faith at this end of the market. Good luck
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