Replies to post #126886 on Sarissa Resources Inc (SRSR)

[dmbao]

It isn't. It is just part of the reason we are sitting at 2 cents still.

If there is any type of JV deal announced that should change the status quo.

The analyst report was more of an explanation of why we are where we are pps wise.

[es1]

The only reason we would need the 43-101 is if we decided we wanted to trade in Canada.

The company will not be allowed to be on a Canadian exchange if they make resource claims that are not backed up by a 43-101.

That was the beginning of the CTO in Canada as it is.

So yeah if Scott lists on the HK exchange it would be no issue...except the pain to trade that exchange which may be nothing more than an extra commission.


The thing I am not sure of is ...

NI 43-101 is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada. This includes foreign-owned mining entities who trade on stock exchanges overseen by the Canadian Securities Administrators, even if they only trade on Over The Counter (OTC) derivatives or other instrumented securities.

This would tell me that NioStar, SRSR, ST, and any spin out or subsidiary can not be traded in Canada without one.

Not that it matters much since you cant trade this in Canada now.