AN EXPLORATION MASTERCLASS
Highlights
Investors in the Resources Sector want exposure to Growth, Value, and Leverage in a stock.
Growth comes with exploration success, as the drill-bit delineates new resource tonnages.
Value comes when the market discount to intrinsic in situ value is reduced through technical de-risking of the resource. And Leverage is always there, in the form of the relationship between the equity and the underlying commodity prices..
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