GREY:MPRXF - Post by User
Post by
heartphon May 03, 2012 1:06pm
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Post# 19867096
43-101
43-101 When when putting a value on the depsit, yes. But a million oz. prvoven and million indicated is still a million proven and a million indicated regardless of price. 43-101 standards and enforcements was put in place to stop companies from over-valuing the mineral deposits based on the amount of ore/mneral they claim was there The standard 43-101 makes companies follow, is based on how they calculate their drilling results preventing them from misleading others on the AMOUNT of the deposit. That is why you rarely see a value put on drill releases as it is not required.