The basic fact is this. The first requirement of NI 43-101 (which is a law, not a "standard") is that the documents are filed with, and reviewed by, Canadian Securities Regulators. NBRI is not a Canadian reporting issuer, and therefore none of their documents have been filed with Canadian regulators. That makes their so-called "NI 43-101 reports" bogus. They are not.
Bindsquirrel: I have been involved with numerous NI43-101 submissions. Very few are accepted on the 1st pass, in fact, none that I know of. The Canadian regulators will pick out errors, some serious, some merely typos, and request the issuer to correct and re-submit, often several times.
It is not formally called a 43-101 until it has been passed by the Canadian regulators.
The NBRI geologist you refer to as a "qualified person" should have made clear in his report that he was attempting to adhere to 43-101 standards, not that the report was 43-101 compliant. And then, as a US company, it can be called a technical report, nothing more.
Here's your link right here: I am a Canadian in the mining industry who is ticked at NBRI.
Curious though to know if you have a link to any Canadians that are ticked off at NBRI filing NI43101 reports?
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