If you could, please go back and read pages 5 and 7 from the archibald report. I would like to discuss the historical data and the PDAC displaid resource of 12MT with you and how it relates to the forthcoming report.
Something to keep in mind is the disclaimer in his report:
"Please note the following: This report contains resources that are historical in nature and, therefore, not compliant with National Instrument 43-101 reporting standards; however they are considered material to the prospectivity of the Nemegosenda Project. The author of this report who is considered a “qualified person”, as defined under NI-43-101 Guidelines, has reviewed the work, technical reports and drill sections and finds that the work has been of high standard and has a direct relevance to the historical resource outlined on this property. The company is not treating the historical estimate as, nor can the historical estimates be relied upon as, current mineral resources or reserves."(7)
Also something to keep in mind when considering the historical data:
"G.E. Parsons directed and was instrumental in the success of the programs. Mr. “Red” Parsons was an extremely well regarded geologist and very professional in the reports accreted to him and his work shows a high degree of thoroughness and competency." [/i(43)
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