"'In-ground value' has little to no relationship to economic viability, value or potential returns to investors.
It may therefore be misleading.
In determining project viability it is necessary to include all reasonable Modifying Factors (mining, metallurgical, economic, marketing, legal, environmental, social and governmental considerations) to determine the economic value that can be extracted from the mineralisation.
'In-ground' value implies economic viability without considering the application of these Modifying Factors."
Re. http://www.asx.com.au/supervision/pdf/jorc_seminar_parmelia_hilton_march_08.pdf
H.
"'In-ground value' has little to no relationship to economic...
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