3 ms·
The public markets also encourage the 'discovery' of gigantic assets. I know a number of companies in commodity-rich countries (Australia, Canada) that, after d
by PhoeniX-P 14y ago
The public markets also encourage the 'discovery' of gigantic assets. I know a number of companies in commodity-rich countries (Australia, Canada) that, after discovering a mine, immediately go public because of this unique asset on their balance sheet. From there, they get the $ to exploit it, create jobs, etc. It is certainly a booming market and the demand will never stop. I don't think it's the same game factory-building versus discovery. The question is more environmental, economical and personal ambitions from my point of view.