Nose, you are punting on there being no DSO. FWL (and TFA) are...

Nose, you are punting on there being no DSO. FWL (and TFA) are punting that there "might" be DSO.

Never have they claimed that there is DSO, rather that the prospectivity of DSO, based on rock sampling, geology etc., justifies the investment risk of further exploration.

I'm confident enough in FWL management to support that punt. They've consistently demonstrated professionalism and, in my opinion, they're relatively conservative.

The difference between you, Nose, and FWL management is that they use rational and intelligent thought process as a basis for their decision making.