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Investors still shun exploration success

Small exploration companies face lower share prices even as they add value to their tenements.

Investors still shun exploration success Investors still shun exploration success Investors still shun exploration success Investors still shun exploration success Investors still shun exploration success

A lack of exploration success and memories of the bust have contributed to falling investment in the junior space

The PortfolioDirect index of the prices of 50 ASX-listed exploration stocks is 80% lower than at the beginning of 2011. Over the past six calendar years, the average index movement has been -16%...