RE:RE:RE:RE:RE:RE:Hate it whenFrom what I understand, the share price of Nexus is based on whats in the ground which increases their book value (as metal prices rise).
If a mining producer were to take an interest in their property it would then increase the share value again. Because of this, assays and drill holes are important as they increase the book value as more resources are located for a potential miner to come in. They more they locate on their property the more valuable it becomes, the higher the share price goes.
If they can sell that property at a vast profit for what they bought it for, they have much more money in their hands to buy bigger and already proven land to repeat the process and then go even higher in share value. I think this is how a successful explorer works.
Mining however is a whole different venture. It can take years to get an operation assembled, pay permits, deal with local Government, taxes, workers, equipment, access roads, health and safety, structural issues with the mine etc....the list goes on. I think once I read about 80% of mine startups fail and go under.
I like exploring.