TeachMeFinance.com - explain Cost model for undiscovered resources
Cost model for undiscovered resources The term 'Cost model for undiscovered resources' as it applies to the area of energy can be defined as ' A computerized algorithm that uses the uranium endowment estimated for a given geological area and selected industry economic indexes to develop random variables that describe the undiscovered resources ultimately expected to be discovered in that area at chosen forward cost categories'.
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