InvestorsHub Logo
icon url

Skiluc

07/03/19 8:28 AM

#12997 RE: Suvorov #12994

Yea. The geologists on site for not that reason at all! Bwahahaha l!
icon url

rbtree

07/06/19 10:51 AM

#13423 RE: Suvorov #12994

Not quite, as this is a US company, which, in order to claim proven reserves of any kind, must follow US-based SEC Industry Guide 7. The National Instrument 43-101 is specifically for Canadian listed companies.

Of course, they have not done this. It would require full exploration, drilling, testing, and a complete geo report. Further, even if a bankable feasibility study was completed, resulting in a production decision, the company still can not place a monetary value on the in-ground minerals.