I did asked the following question before:
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Can someone please advice on following as I am really confused with the terms used and I think am getting the units of measurement wrong somewhere :
As at 31/03/2009:
Birla Nifty:
Ore reserves(Proved/Probable/): 567,518 Metal Tons
Mineral resources (Measured /Indicated/Inferred): 1,025,782 Metal Tons
Birla Mt Gordon
Ore reserves (Proved/Probable/): 74,000 Metal Tons
Mineral resources (Measured /Indicated/Inferred): 549,900 Metal Tons
i.e. TOTAL: 2,217,200 Metal Tons
So if we are considering annual production of 75000 Metal tons, does that means mine life of around 30 Years with its current reserves / resources?
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I suppose they need to convert Measured/Indicated/Inferred to proved / probable?
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