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TeachMeFinance.com - explain Hypothetical resources (coal) Hypothetical resources (coal)
Undiscovered coal resources in beds that may reasonably be expected to exist in known mining districts under known geologic conditions. In general, hypothetical resources are in broad areas of coalfields where points of observation are absent and evidence is from distant outcrops, drill holes, or wells. Exploration that confirms their existence and better defines their quantity and quality would permit their reclassification as identified resources. Quantitative estimates are based on a broad knowledge of the geologic character of coalbed or region. Measurements of coal thickness are more than 6 miles apart. The assumption of continuity of coalbed is supported only by geologic evidence
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