It may not require a 43-101 before we can see 'Chromite' being given a value for ROF exploration companies. However 'potential' is just downright misleading and the market rightly ignores this 'potential'.
No question there's a good taste of Chromite in a large area but surface geophysical indications just don't 'cut the mustard'. Once enough drilling is done to properly 'infer' not prove just 'infer' size and grade of Chromite you'll see share prices and interest move sharply upwards. Until then comments about multibillion dollar resources have to be taken with a lot more than a grain of sand. It's why share prices are where they are and when more is known the share prices will be totally different.