Hi,
Can someone please clarify if I am right in my understanding of reserve v resource.
Simply put, a resource is the total amount that is contained within the ground that has been proven.
A reserve is that amount of the resource that is economically viable to extract and profit from.
Am i close? And if so, is it only being suggested here that RED's reserve is much less that first reported due to the reduced need for the larger tailings facility? Or is there other evidence to suggest this?
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