Factors to Be Considered in Reassessing the Estimate of Recoverable

question 39

Multiple Choice

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.

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Definitions:

Misrepresents His Age

The act of someone falsifying their age, typically to gain access to rights, products, or services restricted to those of a certain age.

Disaffirm It

The act of rejecting or voiding a legal contract or agreement, especially one entered into by minors or under duress which can be legally disaffirmed.

Duty Of Restitution

The legal obligation to compensate or restore the loss suffered by another party due to unlawful acts or breaches of contract.

Wrecked

In a broader context, 'wrecked' refers to something extensively damaged or completely destroyed.