Assess the reliability of your data

  • Ensure your database is reliable enough for your exploration model inputs.

  • Assess the value of acquiring new information for the project's chance of success.

  • Are you collecting data that positively correlates to the commodity?

Figure 8 Banks. Amended on 200317.png
dice game exploration risk.png

Will your next data acquisition program  increase the project's chance of success, or only increase costs?