Replies to post #2055 on Mining Company research board

[1manband]

I already did. NI 43-101 is ONLY a Canadian standard for Canadian reporting issuers. To comply with NI 43-101, a company must be a Canadian reporting issuer because to comply with NI 43-101, a company must file with, and have the documents reviewed by, Canadian regulators. A non-Canadian issuer, like NBRI, cannot do that.

Here is an example from the SEC:

"Referring to your report as a National Instrument 43-101 technical report implies that the report has been submitted on the Sedar website for review by the Canadian authorities. Please tell us if your National Instrument 43-101 technical report has been submitted on the Sedar website and, if not, revise to refer to your report as a technical or geology report."

US incorpoated issuers are required to follow Industry Guide 7 and ONLY Industry Guide 7.

"4. Industry Guide 7
The specific disclosure requirements of Industry Guide 7 under the Securities Act and Exchange Act apply to all issuers, including small business issuers, engaged in mining operations. Guide 7 is applicable to all mining companies, not just small business issuers."

http://www.sec.gov/interps/telephone/cftelinterps_indguides.pdf