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Ann: March 2020 Quarterly Activities & Cashflow Reports, page-29

  1. 20,161 Posts.
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    Fair enough Tin.

    When you've got a spare 30 mins reading time;

    The Private Impact of Public Maps:
    Landsat Satellite Imagery and Gold Exploration

    Governments routinely invest in large-scale, scientific projects that provide basic knowledge about
    natural phenomena and yet the economic-value of these initiatives remains unexamined. To make progress
    on this topic, this study estimates the impact of Landsat, a NASA satellite-mapping program, on shaping
    the discovery of new deposits in the gold exploration industry. Exploiting idiosyncratic timing variation in mapping coverage, I find that information from Landsat nearly doubled the rate of significant
    gold discoveries from the industry. These new discoveries were disproportionately made by junior, entrepreneurial firms and in regions with strong local institutions, supporting the theory that Landsat seems
    to have enabled discovery by lowering the costs of early-stage experimentation. The public provision of
    basic knowledge through government mapping information seems to be an important determinant of the
    overall level and distribution of industry innovation and entrepreneurship.



    http://abhishekn.com/files/nagaraj_landsat.pdf

    I have already given stuart this guys name on lInkedIn.


    Raider
 
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