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A reserve is all of a resource that is attainable with current technology and for a profit. You always have to keep in mind that even though we may have the technology to access a specific deposit and extract a commodity (ie. Gold, Coal, Oil, Gas, etc) there must be a way to make a reasonable profit for the trouble of acquiring the commdity. Otherwise no company in their right mind will pay for it to be aquired/Dug up

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15y ago
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9y ago

Yes. A mineral resource is potentially valuable and reasonable prospects exist for eventual economic extraction. A mineral reserve is valuable and legally, economically, and technically feasible to extract.

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Q: Does the difference between a resource and a reserve mostly have to do with certainty that it can be mined?
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