Wednesday, January 22, 2014 6:45:24 AM
NI 43-101 is only applicable to Canadian issuers and requires the reports be filed with, and reviewed by, Canadian securities regulators. If the Company that claims to comply with NI 43-101 but is not a reporting issuer in Canada, and the report has not been filed with, and reviewed by Canadian securities regulators, the report is bogus and the claim is fraudulent.
Here is a great post that sums this up.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94845302
I think this part is particularly applicable:
The BCSC recommends that investors in B.C. exercise extreme caution when dealing with any company that purports to release a NI 43-101 technical report, but does not file the report with a securities regulator in Canada
All credit goes to 1manband.
Dolus
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