North America Frac Sand Inc (NAFS)

[Grayhair]

We already know Norwest has been retained to produce the 43-101 and that drilling has been completed on 700 acres. We also know that NAFS has 39,000 acres with potential for frac sand on them. This information was in their last NR and their previous filings.
Information on their website and other earlier filings indicated that the original exploration indicated that a resource existed, but was not in a 43-101 format.
What I'm waiting for is the announcement that the 43-101 is completed. I, for one, would like to see the amount of frac sand identified in the 43-101 compliant report, the feasibility of the project, and quality of the sand. That is what, IMHO, will drive the price.
If the 43-101 indicates good or great results, which I suspect it will based on the information from the original drill program, then there maybe an opportunity to forecast a range of total amount sand across the entire 39,000 acres. I don't believe the 43-101 will project this, but we can speculate on the number.
The 43-101 will start to hint at how large this really is and start to derisk the project and move the share price up.
This all just my opinion.