Question

Based on the survey, the mining company concludes that it would be economically feasible for them to start the mining operations because e is greater than a b c d. Which of these statements best describes a flaw in the survey?

1) It does not mention the quantity of minerals.
2) It does not include the costs of reclamation.
3) It does not determine the quality of minerals.
4) It does not measure the time taken for mining.

Answer 1

The mining survey's inferred economic feasibility is flawed if it overlooks mineral quantity, excludes reclamation costs, or fails to determine mineral quality. Improvements include accurate quantity estimates, comprehensive cost analysis, and quality assessment.

Step-by-step explanation:

Based on the information provided, there are several potential flaws in the mining company's survey that could mislead its conclusion about the economic feasibility of starting mining operations. Firstly, if the survey does not mention the quantity of minerals, it overlooks a critical aspect of determining the potential yield and profitability. Secondly, excluding the costs of reclamation can significantly underestimate the overall expenses, as environmental remediation is often a substantial part of mining costs. Lastly, not determining the quality of minerals could lead to overestimating the value of the resources.