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Re: 1manband post# 2018

Tuesday, 10/22/2013 1:51:06 PM

Tuesday, October 22, 2013 1:51:06 PM

Post# of 3961
You are incorrect on all points here.

Any company can use NI43101. You dont have to be Canadian. Canada requires it. But its the defacto worldwide standard and is expected by investors everywhere as a way of independently documenting and verifying the mines resources.

The report is written by a certified geologist who wrote it according to NI43101 guidelines and called it a 43101 report and signed his name to it. If you have a problem with that you should take it up with the geologist. The company did not write the report or call it anything different from what the geologist titled it as.

True the SEC does not allow US companies to include a NI43101 report in their SEC filings. But that only applies to their filings so they cant mention it in their 10K or 10Q. But there is no prohibition from publishing and dissementating it publicly. Its the worldwide standard. The SEC knows that. US companies publish NI43101s all the time but when have you ever heard of the SEC telling them they cant do that? Its never happened that I can tell. Can you find one and post the link?

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