Thanks,I was confused reserve with resource as a newbei,just get them straight this weekend,I will use reserve over resource as a valuation metric it is more fair that way.If they can transfer 10% of the resource into reserve,their reserve would be doubled just don`t know how will they get there,through more drilling,cutting cost,or wait POG to go higher.
In the 200 MC club,MOY has a reserve of 15.6koz,they are a producer,fair enough,I am not saying we should have 3.5 times of their MC when we become a producer,but 1.5 times is more than welcomed.someone at POG thread said,P/NAV<1.5 should be considerd under valued,BLK is 1.13
And,at the risk of being silly,what is the difference from mineral inventory and mine reserve,I try to google,didn`t find a definitive answer
[email protected]/t 873000 oz mineral inventory
[email protected]/t 560000 oz mine reserve
mine life 5 years + 8years at 100000 oz/pa
so what does it mean?that 873000 oz can also be mined as a profit.but they are not eager to do it now?so how many oz minable at the current POG,560000 oz or 560000+873000 oz?
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