Mining 101:Resource vs. Reserve ...

.

Mickey Fulp of http://www.MercenaryGeologist.com explains the fundamental difference between a resource and a reserve.

From Wiki:
Mineral resources are potentially valuable, and for which reasonable prospects exist for eventual economic extraction.

Mineral reserves are valuable and legally and economically and technically feasible to extract.

<iframe width="640" height="360" src="http://www.youtube.com/embed/uclUUgXJwV0?rel=0" frameborder="0" allowfullscreen></iframe>

#TIPZ