"Aw shucks... guess you got me there... except, can you find any posts where I denied the test mining exemption existed? Oooops...
You mean in, "as always" since January 1, 2021 when the revised guidelines took efect?"
latest denial? is there has been no change in Test Mining exception at all. Guide 7 is changed to reflect international standards such as NI 43-101 more than old 1934 standards. Also qualified individual can be employee or owner. Fact remains a need for resources to file under the revised guide. Test Miners have none by definition. Ability to use product sale as asset not expensed cost remains quite limited.
Again, I have no ability to affect SEC filings for any miner resource qualified or no. I just quote the same old exception. Methinks is much to learn in protest paragraph after paragraph posted as though I do.
Wednesday, 03/03/21 01:34:36 PM
"Fortitude Gold files same test mining OTC exception as latest proof rule does not apply
"Unlike what keeps being posted with no cites as an opinion not fact? There has been no change at all to the old Test Mining Rule Exception. It's shown plainly BY NAME in the Dec SEC filing for GORO spin off became this month FRTT. A new OTC TEST MINER using pvt placements for accredited investor financing. If straw man? Well muscled to disprove all claimed here as impossible for years. An OTC Test miner doing well with NO PROVEN RESOURCES which are to be proven by test mining drills for continued production. Why no change?"
"It should be noted that both Guide 7 and the new rules require a registrant to have disclosed mineral reserves in order to describe itself as being either a development or production stage company, regardless of whether the registrant is actively constructing a mine or operating a producing mine. Guide 7 does not discuss the characterization of individual properties, or distinguish between properties of a registrant that are at different stages of development."
Does seem more than enough said forever. But expound as you will.
