iShares Core Balanced ETF T.XBAL

Resources are NOT reserves

[thewiseowl]

The NR quotes Meadowbank Project Resources (MRDI Canada, 2001) ------------------------------------------------------------------------ Measured and Indicated 7,775,000 t grading 5.79 g/t 1,447,300 oz. gold Inferred 10,937,000 t grading 4.44 g/t 1,561,200 oz. gold Total 3,008,500 oz. gold ------------------------------------------------------------------------ Also Cautionary Note: The preliminary assessment is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary assessment will be realized. The production forecast used in the Preliminary Assessment includes approximately 5.9 million tones of Inferred Mineral Resource, or 41% of the total forecast. This is early days yet, lots to do to prove up RESERVES rather than RESOURCES here Owl

[delete14]

https://www.goldmin.com/nrs/NR02-02.htm Updated information that you might find of some interest. "As a result of a 50% increase in estimated resources over pre-feasibility "

[thewiseowl]

Those are still the same numbers and still in the same categories. No change at all. The 50% increase was before these numbers. A good start but a long way to go to the finish line Owl