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makincents

02/20/17 3:09 PM

#16511 RE: DrShocker #16509

That statement is referring back to the current SEC definition:
Reserve. That part of a mineral deposit which could be economically and legally extracted or produced at the time of the reserve determination.
SEC does not recognize the definition of "resource" at this point. As the Van Deemen deposit has not gone thru a feasibility study, that wording is correct. It does not mean that it will not be a viable deposit.