EXPM:HRTFF - Post by User
Comment by
Fredfudpucker00on Dec 24, 2021 5:11pm
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Post# 34261729
RE:RE:RE:Ore’s worth
RE:RE:RE:Ore’s worthFrom the article I read they say P+P reserves are worth $160 per ounce. If this is true 750k oz comes in at $120 million in the ground. Maybe this is too simple a way to look at it , as proven and probable reserves definitely are not the same. With this infill drilling being done maybe some of these probable reserves would now be considered proven reserves. A number of companies use P+P in company presentations without dividing them , so could this be an industry norm?