Factors to be considered in reassessing the estimate of recoverable reserves each year include:
A) The past production rate compared to total estimated reserves.
B) The possibility that technological developments or discoveries may make the product obsolete or uneconomical at some future time.
C) Changes in technology, market or economic conditions affecting either sales prices or production costs, with a consequent impact on cut-off grades.
D) The possibility that technological developments or discoveries may make the product obsolete or uneconomical at some future time and changes in technology, market or economic conditions affecting either sales prices or production costs, with a consequent impact on cut-off grades.
E) All of the given answers.

Question

Quizplus · Accepted Answer

The Answer of Factors to be considered in reassessing the estimate of recoverable reserves each year include:
A) The past production rate compared to total estimated reserves.
B) The possibility that technological developments or discoveries may make the product obsolete or uneconomical at some future time.
C) Changes in technology, market or economic conditions affecting either sales prices or production costs, with a consequent impact on cut-off grades.
D) The possibility that technological developments or discoveries may make the product obsolete or uneconomical at some future time and changes in technology, market or economic conditions affecting either sales prices or production costs, with a consequent impact on cut-off grades.
E) All of the given answers.

Factors to Be Considered in Reassessing the Estimate of Recoverable