BIG burrendong minerals limited - withdrawn

not saying there lying in their ann's.theres a difference...

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 1,424 Posts.
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    not saying there lying in their ann's.

    theres a difference between reserves and resources.
    reserves is what they know is there with a some certainty. this is what the financier will base their investment on.
    resources is what they think is there but with less certainty. thats a gamble for them and with 120-150mil on the line they want certainty.
    thats why their drilling to move more of the resources into reserves.
 
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Currently unlisted public company.

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