Cheers, note the word 'potential' in the definition of resources. Then note the word 'feasibility' in the definition of reserves.
Early on an explorer makes a discovery and there may be lots of 'potential'. Then comes the hard work of working out the 'feasibility' of spending money to go into production etc.
The art to making a dollar in this sector is to be ready to recognize that a project has had 'potential' but that, with better information, it is just not feasible to proceed into production.
The market has worked out the feasibility of this little black duck.
IMHO DYOR
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