The SEC has limited resource but eventually they do review SEC filings of all companies from what I understand every 3 to 4 years. The act they may not have communicated with the company yet doesnt prove anything.To the company's credit they do file a whole laundry list of risk factors in the annual 10k which while boilerplate do cover a lot of contignecies.
Again, the issue fairly simple- OSC recommended guidelines state it is a red flag a company that promotes value based on estimates of metal in the ground absent extraction costs and CAPEX. the company did this in a press release which claimed the report was prepared according to NI43-101 guidelines.no one can explain to me why this is ok. it may not be as important as i think it is as anotehr indicator regarding ther disclosure policies, but i see no way around the violated those guidelines. why not just answer the particular issue
I have no problem admitting where I make a mistake or incorrect assumption, and I woudl welcome your expalnation of how the company was correct in their press release on this issue.
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