Full article on website: http://www.321gold.com/editorials/casey/casey013110.html
Anyone dear to speculate on what we got and in which category?
What's a Company's Gold Worth?
-
US$20 per ounce Inferred
.
-
US$30 per ounce for M&I
.
-
US$160 per ounce for P&P
-
Inferred: the lowest-confidence category, based on just enough drilling to outline the mineralization.
.
-
Measured & Indicated (M&I): these higher-confidence categories have been drilled enough to establish their geometry and continuity reasonably well.
.
-
Proven & Probable (P&P): These are bankable mining reserves - basically Measure and Indicated resources with established value.
