You'll have to distinguish the reserves from the resource. The concepts can be a bit confusing for new investors in mining industry.
The former is proven and probable, which is what miners extract for processing and sale.
The latter is not yet as concrete, being only at the measured, indicated and inferred stages, meaning that these are not yet ready for extraction and processing. Too risky, economic-wise.
The lesser amount you noted is the reserves, the greater amount is the resource.
Hope that helps.
- Forums
- ASX - By Stock
- Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub
You'll have to distinguish the reserves from the resource. The...
- There are more pages in this discussion • 142 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARL (ASX) to my watchlist
(20min delay)
|
|||||
Last
59.5¢ |
Change
0.005(0.85%) |
Mkt cap ! $118.7M |
Open | High | Low | Value | Volume |
60.0¢ | 62.0¢ | 59.5¢ | $96.84K | 159.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 167 | 60.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.5¢ | 12875 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 167 | 0.600 |
2 | 5503 | 0.595 |
2 | 49874 | 0.590 |
1 | 10000 | 0.585 |
3 | 9220 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.605 | 12875 | 4 |
0.610 | 4866 | 1 |
0.615 | 1474 | 1 |
0.620 | 2138 | 2 |
0.630 | 94763 | 2 |
Last trade - 13.36pm 22/05/2024 (20 minute delay) ? |
|
|||||
Last
59.5¢ |
  |
Change
0.005 ( 2.19 %) |
|||
Open | High | Low | Volume | ||
62.0¢ | 62.0¢ | 59.5¢ | 18194 | ||
Last updated 13.22pm 22/05/2024 ? |
Featured News
ARL (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online