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nolearyyesterday at 9:17 PM1 replyview on HN

Reserves means something specific in the context of minerals! Reserves measure 'economically viable' deposits. [1]

There used to be tons of tungsten mines in the USA, e.g. in Colorado linked below.

[1] https://resourcecapitalfunds.com/insights/rcf-partners-blog/...

[2] https://coloradogeologicalsurvey.org/publications/tungsten-m...


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bell-cotyesterday at 9:36 PM

Yes, but it should be emphasized how dependent "Reserves" are on both exploration work, and current assumptions about future mining/refining/market conditions.

China's secret to having most of the world's Reserves may be that they bored a lot more test holes (to actually know "the rock in >THIS< spot is X% tungsten") than anyone else, then made some more-optimistic assumptions.

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