Supatcha Resources Inc. (SAEI)

[stervc]

chuckerfmfla, to answer your NI 43-101 question...

I am far from being a mining expert or an expert in anything dealing with stocks, but what little I pieced together that I posted a few days back is below for why the NI 43-101 is important here with SAEI and little of what it is. First read from the PR below what it mentioned concerning the completion of their NI 43-101 by 5 Dec 2010…

http://ih.advfn.com/p.php?pid=nmona&article=45338783
… the Company expects the NI 43-101 technical report for the Barlevskoye and Vynohradiv gold projects to be completed and filed by December 05, 2010. …

For inquiring minds, the completion of that SAEI National Instrument (NI) 43-101 is absolutely huge. I’ll try to explain more below for all to have a better understanding for those who are not familiar with the importance.

The National Instrument (NI) 43-101 is Technical Report that is an indebt Feasibility Study completed from a qualified professional independent geologist about the property or land for an area. Information confirmed and coming from a qualified professional independent geologist is a big difference than anything coming from you, me, or any other investor posting within these forums. Coming from anyone of us saying that SAEI has property or land in an area with a certain valuation would be considered speculation or simply us stating a potential. However, coming from a completed NI 43-101 is a much greater and legit confirmation where the value from the property would be considered ”proven” from a NI 43-101.

A NI 43-101 is used to evaluate the property or the land for a particular area… not the company. The gold is going to “directly” come from the property or the land in that area… not the company. The gold will be coming indirectly from the company to reach us as shareholders and investors of SAEI, but the gold will be coming directly from the property.

So what’s important about having this NI 43-101 is that it comes from qualified independent professional sources which are these qualified geologists that are independent from the company to complete the NI 43-101 or any other forms of Technical Reports to confirm the valuation in the ground.

SAEI having a NI 43-101 for the area of their property is something that is very important in my opinion because it brings credibility to SAEI’s gold project from qualified professional independent geologists. Although it is not a mandatory requirement to have a NI 43-101, it is usually used to validate a Canadian standard requirement enforced by Canadian securities regulators to trade on the Canadian exchanges. This was implemented to protect investors from being scammed as to what happened with the Bre-X mining scandal years ago. All mineral properties trading on the Canadian Exchanges are evaluated by an independent third party to validate the property in a feasibility study into a NI 43-101.

Although many other companies obtain a NI 43-101 that do not trade on any Canadian exchange, it reflects a feasibility study of the property of topic completed by qualified Geologists that substantiates the valuation for that area to graduate from ”probable” or “potential” to ”proven” as I had previously mentioned. A NI 43-101 is still not the gospel as the mining operations will still need to be done to capture the amount of value considered to be proven, but it is the next best thing in my opinion.

A NI 43-101 converts investor ”speculation” about the valuation of a property into ”actual” or ”confirmed” valuation from the mining experts/geologists about a property. This will confirm SAEI property for truly being legit which is important to have done before any major drill program is ever executed.

So again, the importance of the National Instrument (NI) 43-101 here with SAEI or with any mining stock is that it adds legitimacy to the properties in the eyes of the investors because it graduates the property to be considered held at a higher standard. So obtaining a NI 43-101 is not just for Canadian based reasons, but are for instilling significantly greater confidence into the hearts and minds of your investors here in the US.

Here is a more formal definition of the NI 43-101 for a better understanding of its importance:

http://miningmarketwatch.net/ni-43-101.htm
National Instrument 43-101 (NI 43-101) is a rule developed by the Canadian Securities Administrators (CSA) and administered by the provincial securities commissions that governs how issuers disclose scientific and technical information about their mineral projects to the public. It covers oral statements as well as written documents and websites. It requires that all disclosure be based on advice by a "qualified person" and in some circumstances that the person be independent of the issuer and the property.

A qualified person (QP) as defined in NI 43-101 as an individual who:

a) is an engineer or geoscientist with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these;
b) has experience relevant to the subject matter of the mineral project and the technical report; and
c) is a member in good standing of a professional association.

v/r
Sterling