Hi
@dman0. My analogy was exactly that. Just an analogy. Forget about the time scale.
e.g.
Mine exploration and discovery = algorithm lab creation and initial positive test results.
Mine further exploration = more extensive lab and onsite trials on public patients.
Mine realisation of a viable resource with initial JORC report = RAP initial trial results from formal Australian trials.
Mine Prefeasibility study = final Australian trial results for RAP.
Ongoing exploration and mine definitive feasibility study completion to be used for permits/licences and finance applications (figures accurate to +|- 10%) = RAP completion of US trials with enough accurate data to proceed with FDA approval application.
A mine applying for permits and licences = RAP applying for FDA, CE mark and patents
A mining outfit, having gained finance, signed some binding offtake agreements, in the depths of construction and moving towards commissioning and operation = RAP building commercial partnerships, tailoring the app to customer requirements, promoting confidence in the app and marketing to a global base.
Ultimate SP value for both comes with cash flow generated from sales of product.
You're right. There is no similarity....