Post by Sapphire Capital on Jul 12, 2008 3:42:45 GMT 4
There are five main factors of production in any mining development
mineralisation, materials, manpower, management and money. Let’s focus on the upstream input mineralisation, and the downstream input money, especially in the area of communications.
Unknown to many, the Competent Person reporting on Mineral Resources and Mineral Reserves has a direct and unavoidable impact on the company’s financial statements the profit and loss account and balance sheet. With respect to reporting of the major asset of most mining companies the resources/reserves investors are getting a better deal now than at any time in memory as regards flow and adequacy of information.
Australia has been a world leader in this regard. The outlook is for even more informative and useful reporting
www.jorc.org/pdf/miskelly3.pdf
mineralisation, materials, manpower, management and money. Let’s focus on the upstream input mineralisation, and the downstream input money, especially in the area of communications.
Unknown to many, the Competent Person reporting on Mineral Resources and Mineral Reserves has a direct and unavoidable impact on the company’s financial statements the profit and loss account and balance sheet. With respect to reporting of the major asset of most mining companies the resources/reserves investors are getting a better deal now than at any time in memory as regards flow and adequacy of information.
Australia has been a world leader in this regard. The outlook is for even more informative and useful reporting
www.jorc.org/pdf/miskelly3.pdf