TeachMeFinance.com - explain Probable (indicated) reserves, coal
Probable (indicated) reserves, coal The term 'Probable (indicated) reserves, coal' as it applies to the area of energy can be defined as ' Reserves or resources for which tonnage and grade are computed partly from specific measurements, samples, or production data and partly from projection for a reasonable distance on the basis of geological evidence. The sites available are too widely or otherwise in appropriately spaced to permit the mineral bodies to be outlined completely or the grade established throughout'.
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