Replies to post #34988 on CGrowth Capital Inc (CGRA)

[deafcone]

I sent your comment to Robert foster to get his opinion on it. Here's his response.


Good question
Everywhere there is resources but we are proving mineable reserves that are economical to extract with today's technology, in are case any Dolomite above high water mark is considered economical to mine thanks

Sent from my iPhone

On Jun 2, 2015, at 10:48 AM, Jim <jixxxxxxxxxxxxxxxxx> wrote:

Robert,
This was asked on the message boards. Can you clarify this?

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?

Sent from my iPad