Replies to post #47859 on North Bay Resources Inc (NBRI)

[Huggy Bear]

The SEC concludes that a company can include proven and probable reserves in their assets after a Industry Guide 7 full report is conducted independently which includes many reports not limited to the singular report you reference often which is merely NI 43-101 compliant.

I am not 100% sure how the SEC verifies reserves proved but I am certain its less accurate than these blocks have been verified.

The NBRI singular NI 43-101 report is more accurate than a Industry Guide 7 which the SEC requires to claim proven and probable reserves? That is a new one to me.