Hercules NI 43-101... Should they have even wasted time doing it?...

TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

red911

Rank: President [?]

Points: 15672 [?]

Votes: 154 Score: 3.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Hercules NI 43-101... Should they have even wasted time doing it?...

posted on Apr 16, 2010 01:13PM

Hercules NI 43-101... Should they have even wasted time (and money) doing it?...

You know companies run their own internal numbers before formalizing and paying someone external to calculate/validate resource numbers...

Therefore, I would question the decision to proceed with NI 43-101 when you know the result will be only 200K oz Au after almost $20 million in exploration.

Why did they bother at this early stage versus continuing to evaluate results and continuing 'knowledgeable' explaroty drilling...

INSTEAD... we saw a pathetic NI 43-101 talked about and hyped for almosta year. IMO They likely knew the NI 43-101 would be low long ago.