Exploration-stage companies are closer to 'gambling' (educated guessing) than developers and producers because the outcome depends heavily on geological luck, while developers and producers provide some downside protection through existing assets, making them less gambling-like.
definitionpending
Speaker
Brian LennyEvidence Quote
“I think I think if you're on the expiration side I think you're closer to the the gambling but it's educated”
Source
Mining Red Flags, Big Risks, Crashing Stocks, and a Lawyer Turned Junior Mining CEO— Resource TalksCreated: 8/13/2026, 9:53:37 AM
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