If my understanding is correct - 1P is resources that are 100% likely to be recoverable (i.e. "Certain"); 2P is at least 50% likely to be recoverable (i.e. "Probable"); and 3P is at least 10% likely to be recoverable ( i.e. "Possible"). below these categories are the "C" categories of reserves which are classified as "contingent".
These probabilities, AFAIK, relate to geological issues, not commercial issues.
So, I would assume that the movement between categories of "P" is based on an independent assessment of the likelihood of recovery from a geological standpoint.
- Forums
- ASX - By Stock
- Technical Analysis
If my understanding is correct - 1P is resources that are 100%...
-
- There are more pages in this discussion • 281 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $10.31K | 3.524M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
97 | 116159653 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 648107188 | 235 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
97 | 116159653 | 0.002 |
478 | 1205329524 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 648107188 | 235 |
0.004 | 181365275 | 117 |
0.005 | 51439555 | 43 |
0.006 | 46478654 | 36 |
0.007 | 43505108 | 25 |
Last trade - 11.50am 02/10/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online