Arcan Resources Ltd ARNBF

RE: Reserves and Resources

[good40]

I can't possibly tell you how many times I've had this argument... and each time I've been proven correct.  Engineers provide reserves reports as required by law.  Otherwise,  promoters would exaggerate those reserves,  or include
prospective resource as a valuable asset.

Prospective resource means undiscovered resource by definition.

It does however provide speculative potential... the risk is yours when you purchase shares that are more expensive
than asset value.  The current price,  is much too expensive for their assets.  At this price,  investors are buying
a huge speculative potential.  You however,  are not buying.  You have a sell-side bias and don't care about value,  you are only concerned with share appreciation for your own benefit.