Interesting analysis. I hope the SEC and Canadian regulators really start nailing those companies that claim they will be NI 43-101 compliant. MDMN issued this gem a few months ago wherein they claim the exploration work will provide a report compliant with "43-101 international standard".
These penny stock mining companies really need to be reigned in. They not only sucker in the uninformed mineral/metals investor but really capitalize on greed by claiming "billions" in gold or some other nonsense. It's a scam twofer.