Replies to post #15584 on US Precious Metals (fka USPR)

[gnolfinvestor]

let me simplify ...

in order to prepare a 43-101, there are certain rules and guidelines.

" prepare a Technical Report compliant with NI 43-101 "

btw, compliant is defined as following rules and guidelines.

to get the 43-101 approved is a totally different question. uspr never said they would try to get it approved - obviously, because they are not a canadian company.

[russo123]

it's not complicated at all.

USPR HAD THEIR ORIGINAL TECHNICAL REPORT ON THE USPR WEBSITE LISTED AS A 43-101 FOR YEARS AND YEARS. THAT'S A FACT. YET THE CANADIAN GOVT NEVER SAID IT WAS A COMPLIANT 43-101.

now, stating that the report they will have commissioned is in some way "compliant" with a 43-101 is very, very misleading. the only entity that can claim the report is compliant is the canadian govt. so some "qualified person" can say what he wants, but only the canadian govt can say it actually is compliant. so it begs the question, why go there at all???

i never said the sec will send a letter