Cotton & Western Mining Inc. (CWRN)

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They have different nomenclature for ore in the ground,depending upon the certainty ,as reflected by the amount of exploration done to prove those reserves.

It does increase company value-what people ,especially buyouts will pay for the company. I don't remember the treatment its given in company balance sheets off hand -I would have to check balance sheet under long term assets.
But ore in the ground is only valued at maybe $1-5/ton, according to what I've seen.

Without an NI 43-101 report the valuation would be on the lower end of that scale. CWRN does not have an NI 43-101 report and I didnt count any value of ore in the ground on my balance sheet for CWRN.
investor based sources estimate 39 million tons on Baja 14 due apparently to the 68 Cemex drill hole reports.

Additional CWRN drilling,which has begun-beginning w holes 69-73, will help prove up reserves,which is helpful to big boys in their investment decisions. There are several reasons why additional drilling is good news and I've referred to a couple of them.