This time last year plus one week the stock was at $0.30. What has changed since last year?
We have a Maiden Cobalt 43-101 for the West Bear Property.
We are on the verge of getting a Christie Lake 43-101. Oh wait, that has not changed other than we now know that Roger detected a flaw in the original 43-101 and had to get another company to redo it. I think it is a safe bet the the original 43-101 likely understated the Christie Lake discovery or Roger would have simply signed off on it. I commend him on the find but I have some questions about the 43-101 process.
You might have noticed that people are always looking for answers but I like to look for questions that noone else is asking. Sometimes I am told that I ask really good questions. Other times I'm told, "I don't know anything about that. I'm new here".
Here's one.
Does this mean that we have to do the 43-101 ALL OVER AGAIN or can parts of it be re-used? I think I know the answer to that. I'm pretty sure its the former.
Here's another.
Do we have to pay for both?
Are there any regulations that actually help the MINING COMPANY in such a case? I don't know but I highly doubt it.
Here's a few to ask the Canadian Government.
Is the Canadian Government concerned or even aware about the fact that Canadian mining companies struggle with overly-burdening regulations while other countries get away with listing only 15% of their State Run company on the London Exchange and call it compliant?
Do those competing companies from other countries have to pay for 43-101 reports to support their resources and, if yes, do they only have to report on the 15% of that resource that they see fit to report on if that is all they list on a Western Exchange such as London? I know that we can't regulate other countries unless they list on our markets. That is not the answer that I seek from my government. What I want to know from my government is what is the Canadian government doing about lessening the burden on Canadian Mining companies? I don't question the need for a 43-101 type report but the existing 43-101 is a nightmare, is expensive and very time consuming thus making it it extremely difficult for our Canadian Mining companies to compete as we see is the case with Kazatomprom.
