I love the agency. Its done a lot of good work. About 35 years ago, their director at the time, vince mckelvy, sat down and pretty much pulled together on his own the idea of Mineral Resource classification. It really hadnt been put out there as succinctly as vince put it out as you see here posted behind me. He said, look, we have two classes of minerals, reserves and resources. The reserves i can identify, map them, drill them, core them, assay that and i can tell you, for example, their measured or inferred value. Versus resources that i havent discovered yet but theyre hypothetical or maybe even speculative. He made that distinction and further divided resources into measured and indicated. In the upper lefthand corner youll see the box reserve, and thats what reserves are. Theyre indicated theyre actually bankable in the oil industry. You can book reserves, take to the bank, its collateral. Same in the Mining Industry. So theres a difference between re reserves and resources. The
Deterrence and Nuclear Balance. According to the u. S. Perspective, Nuclear Deterrence and Nuclear Balance are distinct. We can tell the difference between the two ideas, two actions. Deterrence is to maintain the status quo. The definitions work very well for isolated big conflict, if a conflict is isolated and big, then we can, you know, indeed tell the difference between deterrence and compelence. But, you know, if big conflicts, you know, come from escalation, that is always the case, you know, big conflict come from, you know, small conflicts, small conflicts, you know, may escalate to big conflict. So, in that case it may not be easy to tell the difference between deterrence and compelence. The reason is that it is very difficult to figure out who changed the status quo first. Then, you know, if you want an example, you know, you launch a conventional aggression and then you use your Nuclear Weapons to deter the conventional responses from your enemy. So in this case there are tw
Lists of minerals and strategic and critical, they differ from time to time and because of economic conditions. They do infer a supply chain which marc is going to get into here a little while. They also, infer that there is foreign imports either partial or total. So that is of interest to us. And there could be severe economic repercussions if, for shortage of Critical Minerals and of Course National security concerns tells you that mineral is strategic. This is, as i said, one of the best probably sources on the topic and again, the definitions are a little squishy but they say that there are minerals that actually dictate the Economic Health of the nation or Strategic Minerals will always be critical, but Critical Minerals will not always be strategic, okay . Now, here the different metals and element involved in both classes and you can read that. The books get into it in detail. I dont want to belabor too much today. Notice Strategic Minerals include rare earths. Fissionable mate