RXL 0.00% 17.5¢ rox resources limited

Common man.it is mining 101.everyone knows that mineral resource...

  1. 2,203 Posts.
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    Common man.

    it is mining 101.

    everyone knows that mineral resource does not equal ore reserves

    Ore reserves are always a fraction of the total mineral resource

    Open Pits Deposits are usually 50%-60% of the Resource

    Underground Deposits are usually 25%-30% of the Resource

    Sure you can assume a litter higher but some posters are trying to sell & imply that the entire 3moz should be valued as ore reserves!!

    that is dangerous advice man.
 
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