From what I understand, someone correct me if im wrong... It is great to have proven reserves, but it is better to have proven the ability to extract the reserves at a reasonable and reliable speed. I wonder how that speed potential of extraction is valuated? Given what little we know at this point of the production speed capabilities I still find it hard to believe that the reserves would be worth as much as people think they might be to our knowledge at this point in time.
Does anyone have any input on how much that would affect the valuation?
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