RE:I think all you folks are dreaming in technicolourGlad this is going to be your only post because you clearly don't understand the business model.
1) The CEO has already stated they have been bombarded by requests to work with junior miners. It has allowed them to be choosy, taking on clients with historical data (where ML can help) and where a district-sized mineral deposit MIGHT exist.
2) The world has been burning through gold and copper reserves (dropping 40%) in the last decade, without recplacing them. The low-hanging fruit has been picked. The mining industry needs to develop new tactics for finding the next generation of mineral deposits. That is why SPOT is going to prove vital to the mining industry.
3) They have sold stock for cash in some instances (see recent financials), which suggests to me they are not afraid to bail if the data is "not working out." Often these investments have been made (usually with warrants) during a private placement, after a company has agreed to use part of the PP proceeds to hire them as consultants. They are strategically investing in those companies for the reasons above, and in situations where they feel their tech will give them the upper hand in finding a minable deposit if it exists.
4) I expect the tech products they are developing, and planning to roll out shortly, will be a significant chunk of their revenue 3-5 years from now. And THAT revenue is not dependent on discovery -- it's more of the "picks and shovels" variety of revenue, as mining companies who are searching for mineral deposits will use it whether they discover one or not.
Lots to love about SPOT's business model. Diversified. Scalable. Cash flow positive. Exposed to the upside of discovery, while limiting the risks.
That's my two cents.
braindeadoldguy wrote: This is the only post I am going to do, so you can argue with it all you want, but not with me personally. I own a business. This business model here is flawed. Here you have a conflict of interest with the CEO of NFG, who created a system with a computer, has patents, has access to information fed into the system, and is willing to go to a property, did I read that right, for free to get you started, and the owner signs on the doted line for a royalty payment sometime down the road, even if it takes 10 years, or never.
Studies show that only 1 in 1,000 exploration companies ever become a mine. Secondly, I am willing to bet that when payday comes, the company will be in court instead of collecting because all sorts of arguments can come up IE - prove that your system works, and there are all kinds of arguments for this.
So you have an entepreneur who is obsessed with thinking "this has to work" and "I will convince them" and a few people will join in, but I am afraid the effort required and the costs incurred, are simply not going to shine in your wallets.
Cheers