how does a resources become a reserve?
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a resource become reserve when it can use for future requirements like we has reserve petroleum for our future generations
shamitakhanduri:
did you understand
thanx
yes
want more explanation or enough
no, it is enough
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Answer:
The resource become a reserve due to the change in its utility and value. It is because the ultimate use of a mineral reserve is either to be physically worked out or made non-viable because of the changing economic, environmental, technological, and social circumstances.
Therefore, the reserves are of crucial importance for any mineral company because it is their future asset.
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