Easy-to-Understand Explanation of Mineral Resources & Reserves for Mining Stock Investors
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- čas přidán 4. 05. 2017
- This video tutorial explains, in an easy-to-understand manner, what mineral resources and reserves are and how they are defined. Mining stock investors, in order to make a correct value estimation of a company, must possess at least a basic understanding of what is the difference between a mineral resource and reserve and the five different levels of certitude within these two categories.
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Great presentation. Cris, a geologist from Brazil.
Thank you, Bill!
Pure Gold! Thanks Bill
Incredible video!! Thanks
Bill thank you for this very helpful video.
Good on you Bill. Still solid.
Greatly informative. Thank you
this was amazing, thank you!!
really great video
Great Video! Thank you
Great video!
Thanks you very much
Wonderful video...is it available for downloading?
Great!
wonderful
I'm going to apologize in advance because sometimes I overthink things.
I'm confused about how a resource becomes a reserve. It sounds like the "measured" resource can go straight to "proven" because it has more drill holes than "probable". Are you saying that there could be more confidence in a "measured resource" than a "probable reserve"?
If so, why is "measured" not considered a reserve and the "probable" not considered a resource? It sounds like the order should be:
inferred > indicated > probable > measured > proven. Or, is it more complicated than that?
LOL, all the comments below are saying "Great video!", which it is, but here I am saying "wait....". Really though, I'm not trying to be difficult, I really do want to know. I am new to all this and am trying to make sense of it all. I appreciate the info.
I have a lot more questions about this sector I could ask if you are willing to answer. For example, what exactly is the difference between a "project generator" company and an "exploration and development company"? Am I making a category error there? Some guys say they stay away from investing in "project generators", but isn't that precisely what an exploration/development company is, i.e. a project generator for the "producers"? This sector is confusing because no one knows exactly what the goal of a "resource" company is at times. I mean, how exactly does a "resource" company generate money to operate, let alone make a profit? Is their sole purpose to locate a mine-able resource and then sell the property to a producer? What exactly is meant by "development" in a an exploration and development company?
I also don't understand the cycle of "raising funds" and how/why that affects the share price or how to determine whether or not the funds raised are a good thing or not. I hear some people talk about whether or not a company should even be raising funds. Which brings me back to the question, how does a "resource" company" make money? At some point revenue has to be generated from something on a sustained basis, right? or is that not this works, lol? (told you I was confused, haha). I'm one of those people that needs to know "why" we are doing something in order to understand "how" it is to be done.
Like I have no idea how to value one of these companies or even where to look. Do you value a company based on drill results? It seems some do. I don't understand why the dilute shares or how to determine if they have done it.
I'm a mess, but, I need the education.
@@JoshDub78 I'm a newbie to this space as well, wonder if by now you've gathered some educational resources?