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Re: Suvorov post# 12994

Saturday, 07/06/2019 10:51:20 AM

Saturday, July 06, 2019 10:51:20 AM

Post# of 49259
Not quite, as this is a US company, which, in order to claim proven reserves of any kind, must follow US-based SEC Industry Guide 7. The National Instrument 43-101 is specifically for Canadian listed companies.

Of course, they have not done this. It would require full exploration, drilling, testing, and a complete geo report. Further, even if a bankable feasibility study was completed, resulting in a production decision, the company still can not place a monetary value on the in-ground minerals.