Analysis indicates that the emv of an exploration project is most sensitive to target exploration project is most sensitive to target quality (Success The opportunity cost of poor targeting is very high Strategies that focus predominantly on turnover rather than target quality are not viable• Analysis indicates that the EMV of an exploration project is most sensitive to target exploration project is most sensitive to target quality (Psuccess ) • The opportunity cost of poor targeting is very high • Strategies that focus predominantly on turnover rather than target quality are not viable