EXPM:HRTFF - Post by User
Comment by
Flyhi2004on Jan 26, 2021 6:01pm
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Post# 32391874
RE:Reserves n Resources
RE:Reserves n Resources
Further to my above numbers if as Research is saying the reserve is extracted out of the resource then they would have had to reduce one of the two types of the resource amounts remaining to reflect the conversion of the resources to the reserve.
I believe this is where some confusion and interpretation could be .
If they state the reserve number and didn't account this was taken from the resource and never changed one or both of the remaining resource classification numbers lower to reflect the reduction then this would appear to me to be a "major misrepresentation" and a false statement of the reserves and resources they just stated in the Jan 20 2021 release.
Agree or disagree