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Re: Hurricane_Rick post# 61418

Tuesday, 02/04/2014 9:22:13 PM

Tuesday, February 04, 2014 9:22:13 PM

Post# of 80983
Let me clarify. NI 43-101 reports are only applicable to Canadian issuers and in order for them to be valid they must be filed with and reviewed by Canadian regulators. US issuers should comply with IG 7. I should have used the term "review" instead of approve. Regardless, a report called NI 43-101 that is not filed with Canadian regulators is a cause for concern. The SEC and Canadian regulators make this abundantly clear. I won't rehash the conversation because I know you follow the "mining company research" board and I think you will agree that 1manband has done really good job of clarifying this issue.

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