Can someone please advice on following as I am really confused with the terms used and I think am getting the units of measurement wrong somewhere :
As at 31/03/2009:
Birla Nifty:
Ore reserves(Proved/Probable/): 567,518 Metal Tons
Mineral resources (Measured /Indicated/Inferred): 1,025,782 Metal Tons
Birla Mt Gordon
Ore reserves (Proved/Probable/): 74,000 Metal Tons
Mineral resources (Measured /Indicated/Inferred): 549,900 Metal Tons
i.e. TOTAL: 2,217,200 Metal Tons
So if we are considering annual production of 75000 Metal tons, does that means mine life of around 30 Years with its current reserves / resources?
Can someone please advice on following as I am really confused...
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