PDAC definition, mid-tier! LOL!!
Here you are, directly from the Prospectors and Developers Association of Canada this morning:
Mining companies are defined largely by the way in which they derive their revenues. A senior producer or operator generates its revenues from the production and sale of the commodity it is mining. A junior mining company has no mining operations and is essentially a venture capital company. It must rely almost entirely on the capital markets to finance its exploration activities [I say "almost entirely" because some juniors derive their financing from private sources]. There is another category: mid-tier producers. These are generally junior companies that have decided to go into production on properties that they have discovered.
It would seem to me that PTQ is definitely a mid-tier company, by the definition of this third party PDAC standard. Most educated people have accepted this definition for years. What is untruthful about his statement???
In God We Trust! Others please bring facts!!! PDAC imprimatur is enough for most. Ratherbefishin, after a while you learn to just ignore him...."Why not be truthful first?", most think he is just PMC from SH.
