The NI report is merely a document generated for investment protection reasons. IMO the Market will not be reactive to it. The Market is waiting for tangible results, a NI report by itself does not provide that result.
A “NI 43-101 compliant estimate” is:
• The company has to comply with the disclosure rules in NI 43-101 – that’s what being “compliant” means in this context
• The term “NI 43-101 compliant estimate” refers to the manner of the reporting, not the quality or the accuracy of the estimate.
The document is merely one tool, of many, for potential investors to utilize in making an Investment decision.
A NI 43-101 is material primarily generated for the Investor opposed to the Company using it for Business directional decisions. It was instituted by the Regulatory Authorities as an additional tool to prevent potential fraud etc. It is not meant to act as a Geological roadmap for the Company affairs.