Prospective Reserves
With regard to prospective reserves in their last presentation it should be remembered that prospective resources are like pie in the sky but give an idea of possible value if prospects turn out to be successful. Proved and probable are the important reserves for value and safe investments but prospective resources and large land positions like CNE holds are important for larger companies looking for smaller exploration companies to buy. In the past I have worked for several companies that operated exactly like CNE and they have all been taken out at good premiums.
Canada has had many companies like Celtic, Berkley, Duvernay and others that followed the same
business plan and sold out and made fortunes for their investors. Charlie is doing a great job of following the same plan and I do not think the company will be around in 2015 My 2 cents worth.glta