What if you have a mining company that trades on both the TSX and NYSE? Mining companies have NI-43-101 reports on mines all over the world. If someone was to look at the NI-43 as the main indicator of stocks not to watch - they would lose out.
Say you have an exploratory mining company with part of the goal being to develop and sell. A large part of your market is in Canada, and the chairman of your board just happens to live, and has influence in Canada. Wouldn't it add value to have a report done to NI-43-101 standards, even if it isn't an actual NI report? I mean, it's pretty common knowledge that a US based mining company doesn't file a NI report.
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