InvestorsHub Logo

searchlight1

03/14/18 9:06 AM

#5290 RE: Anvil #5289

Why would it possibly be illegal? There isn't anything in a NI 43-101 that violates SEC rules. The SEC might have their own reporting requirements, but they aren't going to fine a company for publishing a NI 43-101. A lot of the consulting companies that issue these reports are based in the US.

NI 43-101 reports routinely give the NPV of projects once they are beyond the PEA stage. The V in NPV stands for value.

I'll go one step further and say that the SEC's lax reporting standards are one of the reasons that scams like OSCI are allowed to take place. The BCSC would shut these guys down in a heartbeat if they tried to get listed on a Canadian exchange. At least they Canadians learned from their BREE-X fiasco.