Monday, December 18, 2023 5:13:21 PM
Sorry, but you are half right, half wrong. Yes, the company can hire whoever they want to write a technical report. Since they are a non-filer, they can probably get away with hiring someone's nephew who collects geodes and pretty pebbles to write the report.
But, as far as a US-filer claiming to have a 43-101 compliant report on their mining project....nope, they will get a cease and desist letter from the Canadians (if brought to their attention). They cannot be compliant because the Canadians will not review and approve it. That is what makes it "compliant".
Do you want to see an example of a cease and desist letter that was issued to a US OTC company? I'll see if I can dredge one up.
Here's the report that got an OTC company (Mission Mining or MISM) in trouble and prompted the BCSC to issue their nasty letter:
NI 43-101:
Exploration Potential of the Gold Star Mining
Claims
Location: Esmeralda County, Nevada
Prepared for:
Western Gold Company, LLC
? Mission Mining Company
1725 South Rainbow Boulevard
Suite 16-100
Las Vegas, Nevada 89146
Prepared by:
Vladimir B. Zivkovic, Ph.D., CPG.
Zivkovic Geophysical Investigations, LLC
2005 9th Street
Suite 6
Greeley, CO 80631
303-219-3238
www.zivkovicgeophysical.com
Effective Date: November 11, 2013
I'll see if I kept a copy of the BCSC letter, maybe that will help you understand.
Do your own research, use third-party sources, and don't buy into the hype.
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