TTY 0.00% 49.5¢ territory resources limited

Do you know the difference between a resource and a reserve,...

  1. 170 Posts.
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    Do you know the difference between a resource and a reserve, from a reporting perspective? It seems not.

    You can only mine a reserve, not a resource. It may have 10mill in resource, but it only has 4.5 in reserves. Speak to anyone from Golders, Coffeys or Snowdens.

    A resource is what can be mined of the reserve economically.
 
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Currently unlisted public company.

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