I suggest you start by learning the difference between reserve...

I suggest you start by learning the difference between reserve and resource and applying the same for each company. Seems to me you might find WSA has quite a high resource to mc ratio compared to MCR. It certainly has a better reserves to mc ratio.

As for IGO I don’t particularly like it, but you appear to dismiss it rather glibly. PAN which I didn’t like I MIGHT actually like when they have a new broom appointed you likewise appear to dismiss rather glibly, and perhaps almost for the opposite reason as for IGO.

Assuming you are referring to SGQ there might be other resourceless entities, but bear in mind the resources to mc is zilch.

Most would refer to MCR as a developer rather than a mere explorer, although SGQ is certainly merely the latter.

EL