Yes "resource" as in prospective and contingent resources are still either undiscovered (prospective) or discovered but still sub-commercial (contingent)
What matters as you point out is what is commercial and can be proven into reserves out of those.
That's why the maiden reserves will be a major milestone for KKO and grab the markets attention if like 0.5tcf + in reserves with further upside reserve potential 0.5tcf may mean the market cap should be 500m going off past valuations such as $1b for 1tcf for Pure Energy
Ann: Executive Chairman's Letter to Shareholders, page-30
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11.0¢ |
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Mkt cap ! $157.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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