it all has to do with the level of certainty - just look at a...

it all has to do with the level of certainty - just look at a reserves statement for a mining company)

highest level of certainty is RESERVES (proved reserves, has the highest level of certainty - then there is probable reserves)-

then there are RESOURCES - which can be inferred, or indicated, or measured. Inferred resources, have the lowest level of certainty -then indicated, and then measured

ok - watso very quickly found a report to look at rsg 22 august, 2008


back to cto - but the typographical error, means that the for the relevant figures, that those figures represent the very lowest level of certainty for the company's deposit.

a lot of companies now use "conceptual targets"