Yeah, I was really hot on the NI 43-101 for a while and thought that it was a priority. I put it as the second most important thing the company needed to do, the first being entering production with NRG. In hind sight my biggest reason for pushing for the NI 43-101 was because I thought that it would drastically change the financial demographics of the company and increase the market cap, raising the PPS or at least solidifying it and it may....basically they were selfish reasons. The company is actually doing what makes the most sense, saving money on expensive seismic surveys and drill programs and choosing to just mine the ore and recover the gold that they know is there. This makes a ton of sense for the company to avoid debt and actually keeps potential damaging debt out of the picture but probably doesn't bode well with the instant gratification sentiment of investors. If they do proceed with another NI 43-101 they have stated that they will continue to report resources as inferred instead of measured, measured being much, much more expensive. Maybe this will be a less expensive method of acheiving the same end because at the end of the day proven recovery rates and production is what will really increase the market cap and drive the PPS higher. If they publish good recovery and forward the plans to increase production, investors will come and hopefully stay which is what will drive the market. Although we as sometimes short-sighted shareholders may not agree with the way the company has chosen to report their resources, ultimately I feel they have chosen the most financially responsible path. Just a couple more weeks to go here until we start seeing the big picture :-)
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