Siamese, For someone making an investment, they might not see the differences between cash flow earned from a retailer, and cash flow earned from a mining operation.
If the cash flows are the same, and the investment value is the same, the rest is just: - what business you want to do, - what busniness you decide has the most potential for you to develop over time, -what business you decide is the best cash cow for you to milk.
It will depend a bit on your purpose for making the investment.
That is often the way investors look at things.
It is a problem with reserves... until you have an established cash flow coming from these reserves, and a fairly good confidence that the cash flow will continue for a long enough time, it has a high dream component and is subject to a lot of manipulation.
