Again, a final cautionary note: do not carry out economic analyses—that is, cash flow models—on expected (or “risked”) reserves. The risking is done only on the net present value of the “success case”! | Again, a final cautionary note: do not carry out economic analyses—that is, cash flow models—on expected (or “risked”) reserves. The risking is done only on the net present value of the “success case”! |