MNG 591 Actual Midterm Exam With
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MNG 591 Actual Midterm
Exam
What is the main function of a competent person or qualified person
regarding Reporting of Exploration Results, Mineral Resources, and
Mineral Reserves?
A Qualified Person vouches for the accuracy and completeness of the
contained information and the manner in which it is presented
The following are two possible sources of liability in feasibility
studies
The precious metal grade turned out to be much lower than expected and
there is some insider trading occurring, and you aree accused of leaking
information
When we perform feasibility studies?
1. Start a new mine
2. Expansion of existing mine
3. considering a change to the mining method
4. buying an entire company
5. owner wants to be listed on a stock exchange
6. money loans to develop the property
7. others
How we perform those studies?
Using systematic methods and most of the time following International
Standards of Disclosure for Mineral Projects
Stages of Evaluation
1. scoping
2. pre-feasibility
3. feasibility
Scoping
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Answers
written by
Killey
The Marketplace to Buy and Sell your Study Material
At Stuvia, you will find the best notes, summaries, flashcards & other study material. Search for your
school or uni and find the study material you need.
www.stuvia.com
Downloaded by: Killey | Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
MNG 591 Actual Midterm
Exam
What is the main function of a competent person or qualified person
regarding Reporting of Exploration Results, Mineral Resources, and
Mineral Reserves?
A Qualified Person vouches for the accuracy and completeness of the
contained information and the manner in which it is presented
The following are two possible sources of liability in feasibility
studies
The precious metal grade turned out to be much lower than expected and
there is some insider trading occurring, and you aree accused of leaking
information
When we perform feasibility studies?
1. Start a new mine
2. Expansion of existing mine
3. considering a change to the mining method
4. buying an entire company
5. owner wants to be listed on a stock exchange
6. money loans to develop the property
7. others
How we perform those studies?
Using systematic methods and most of the time following International
Standards of Disclosure for Mineral Projects
Stages of Evaluation
1. scoping
2. pre-feasibility
3. feasibility
Scoping
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Distribution of this document is illegal extra per year?
