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Message: Question about 43-101

Greetings Spiny!

I noticed this on another board by Hoov, and perhaps it will answer what you were asking. Hope so anyway....

"National Instrument 43-101 is a reporting standard, not a content standard. Within NI 43-101, there are specific reporting standards for any of a large range of contents which may be reported upon by a Qualified Person. A 43-101 compliant report need not contain any information with respect to resource estimation, let alone economic valuations. With the proper application of the methods of science, any person could conduct their own resource estimations, but they would obviously be limited by the quality and quantity of available data, unless they are an insider. Economic valuations arising from resource estimates are especially conservative, as inferred mineralization has no economic value whatsoever, under NI 43-101. For example, comparisons on this board of 43-101 compliant Eagles Nest economics to unsophisticated valuations of any of the RoF chromites is more than comparing apples to oranges. It is comparing them using different rules entirely."

Take Care!

AZUZA (Art)

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