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Re: MagicStone post# 34980

Tuesday, 06/02/2015 1:07:16 PM

Tuesday, June 02, 2015 1:07:16 PM

Post# of 128352
Thanks. So, as I understand it (and I could be wrong, as I'm no geologist or banker), the classification "Resources" just means you have a specific material on the property (retrievable or not). The "Reserve" classification puts a value on what can be mined. Correct?

If my assumption about the difference between the two and which one ends up on the report, would make a major difference to any financial institution as to loaning $ to finance. Correct also?
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