Well NI43-101 is a good thing to have, but the company doesnt have them, they have reports prepared according to the criteria of the NI43-101 accordng to company.I have no reason to believe the company doesnt believe that. However I agree it is a positive sign the company is preparing such reports though my opinion is they have a serious credibility problem with the lack of disclosure of key variables. The NI3-101 reports do have guidelines on use of historic information of which it is not at all clear whether they have been followed.
Having said that the grades certainly appear to be commercial grades, and even forgetting what I consider the non-sensical and overly-promotional practice of quoting value without considering costs to extract etc, certainly company has the elements of success- rising gold price, control of a mill, winding its way through the permitting process, management with lots of financial incentive.
IMO price will drop and dilution is a necessary evil- how anyone can think a company can operate with no money and no dilution is beyond me- but I still believe the chances of a great return on this stock are present.They do need someone with IR experience to craft and deliver their message if the company wishes to be taken seriously the closer they get to production, IMO.
