Replies to post #27757 on Mexus Gold US (MXSG)

[gitreal]

It is ingrained in people's minds that if you say that the company is "doing a 43-101 report", it is designed to instill credibility and legitimacy. It was designed by the BCSC to counteract the potential for another Bre-X.

However, most people do not understand that solely US-traded companies cannot be part of that, and must comply with SEC's Guide 7 rules instead. A US-traded company that says they are going to "do a 43-101 report" actually makes them look less credible. Fewer and fewer solely US-traded mining companies and junior explorers continue to refer to the 43-101 process. LODE and Mexus seem to be the exception.