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Monday, December 02, 2013 8:37:29 AM
Down where you guys are in the U.S. companies can only report "Mineral Reserves" under SEC 7 and that means there needs to be a feasibility or scoping study done showing that the reserves are economic, which is impossible to do from a few soil samples.
The samples and amount of samples are up to the geologist in
charge of conducting the study. The SEC 7 is simply an industry
guide - not an industry standard - like the NI 43-101.
Fact is you guys making claims that AFYG has NI 43-101, Measured and Indicated resources and Reserves or anything even remotely close to that is just plain wrong.
It is a fact. The evidence was linked and openly given to you.
The technical report was completed as per the requirements stated
in the industry standard of a NI 43-101.
Sure, it's not recognized on the TSX, because AFYG does not trade
on Canadian exchanges.
However, the technical report was completed as a NI 43-101 states
studies must be completed.
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