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?
BLK Price at posting:
81.0¢ Sentiment: Hold Disclosure: Held
