I understand what you are trying to say but you are using a very bad example with dairy specs to do it
Dairy/Infant formula requires large cap ex to get off the ground
Exploration does not
A spec lithium stock can raise a few hundred grand and go off in search of the next big Lithium deposit
A spec dairy play can't raise a few hundred grand and go off in search of a herd of cattle to milk
The dairy plays don't have an exploration phase, just a production phase
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