Buyers Group International Corp (BYRG)

[surrealistrader]

Until the overhaul in 2018, which took effect in 2021, SEC disclosure requirements on resources weren't reliable. This is why the US adopted standards based on the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) like a 43-101 does, so everyone preferred 43-101 standards for a long time. Now the SEC rules are much more similar to a 43-101. 43-101 is easier to say than Industry Guide 7 subpart 1300 of Regulation S-K or whatever it’s called and everyone knows what is meant by 43-101 standards. So BYRG could execute to Canadian standards and simultaneously satisfy SEC standards, they could file in SEC fashion using slightly different terminology and still say it’s up to 43-101 standards, it’s about being able to talk about what’s in the ground by using 3rd parties and qualified persons and all that…