VRE view resources ltd
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  1. nickbou
    2,214 Posts.
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    26/01/08
    12:52
    Post #: 3291644
    Can some-one help me out here ? I was going through a few reports and noted the following regarding reserves.

    The annual report 31/10/07 showed that
    Indicated : 685,000 oz
    Inferred : 120,000 oz
    Total : 805,000 oz

    The Dec Quarterly showed that
    Indicated : 694,000 oz
    Inferred : 202,000 oz
    Total : 896,000 oz

    Have I missed something here ? Does this mean that at 120,000 oz p.a. the mine life as it stands is now 7+ years ?
    or am I reading this wrong. Comments would be appreciated
    VRE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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