its not doomed to fail. but there is a scale of certainty. imo...

its not doomed to fail.

but there is a scale of certainty.

imo this just should be factored to position a free carry accordingly.
(ie, dont just blind hold for the glory side, but cover your butts as you go, as with anything)

A higher risk/reward play, can attract risk takers, thats fine. If that means a rising tide, then you have the capacity to free carry on the potential, but not be exposed to reasonable execution/financing risk.

WHereas even in a Canada play, it would offer a free carry opportunity as well , but from a rising tide of more conservative buyers.

Again GLTA.