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The majority of exploration plays fail. Orebodies are difficult...

  1. CashedUpBogun
    5,669 Posts.
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    31/12/15
    17:53
    Post #: 16710586
    The majority of exploration plays fail.

    Orebodies are difficult to find - the estimated spend outside Nov is already approaching $100m spend with no further discoveries to date.

    It took 8 years and well over $150M for SFR to discover Monty, right on their doorstep.

    When punting on these types of plays expect to lose the lot!
    MPJ Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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