Proven Versus Probable Reserves For Cliffs Natural Resources

Using data from Capital Market Labs helps to illustrate the ratio of proven versus total coal reserves for Cliffs Natural Resources Inc (NYSE: CLF).

A company’s total reserves include include both proven reserves and probable reserves of natural resources. Proven reserves are thought to have a 90 percent chance of being present, but it should not be assumed they will always be recovered.

The above graph from Capital Markets Lab indicates that Cliffs Natural Resources’ proven reserves/total reserves ratio is 0.635. Compared to its peers, the company is somewhat above KAZ Minerals PLC (LON: KAZ) and SunCoke Energy Inc (NYSE: SXC).

Cliffs Natural Resources recently traded at $6.69, up 4.21 percent.