resources and reserves - the difference, page-2

Here! Here! Jman. It often nags at me also to hear figures bandied about, especially "inferred" Inferred and $3.80 gets you a decnt cup of coffe in Perth. It's a bit like those ridiculous statements by small oil explorers that the resevoir has the "potential" to hold xxx billion barrels of oil. That statement would be illegal in America.

I'm looking forward to IGR converting some of these indicated resorces to measured. And inferred to indicated.