RE:Probe Metals NI 43-101 The message that PRB did not take long to complete the Technical Report, NI-43-101 is correct. In addition, it did not take PRB 8 years to update the RE carried out by AGE with which they merged June 2016 (1.5 years to do additional drilling to turn the Inferred RE to an Indicated + Inferred RE, about twice the size).
It's customary to
release a summary of the 101 Report report first, as done by PRB.
- NR on 20 Feb 2018, announcing the RE results. In this NR, they gave a summary, Indicated plus Inferred, plus some other details.
- NR on 29 March 2018, announcing the
filing of the 101 Report on SEDAR. They following the rules since they would have 45 days to file the (final) 101 Report following the release of the RE results. During the 45 days, the company would be allowed to make
minor adjustments (emphasis is minor) to the report before making it final.
AZX situation is different, we are still talking about the (public) release of the summary of RE (We don't even care about the word "complete", since the most relevant date is the public realease of the RE results in an NR (just like the one PRB did on 20 Feb 2018).Then, we can talk about the second date, the date for the official "filing" on SEDAR (which is not that crutial, since they have no choice but must file the report, within 45 days).
There is no need to confuse the issue by talking about "completion" of the report (their internal matter). In additon, there is no need (for management or WH) to paint the picture that their consultants and staff have been working very hard to complete the report. Their working hard goes without saying. May be they should try harder (they can work overtime or management give them a bonus for an early completion. Incentives would, usually, work wonder).
Cheers,
GH
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Newrookie wrote: Hey guy's, I just read the report from Probe Metal released last week. They starded to work on it december 16, they finished it february 16 (2 months of work) . Is it normal they only released it on march 29? Maybe that explain why AZX is always delaying the ressources estimate report. Plus the Eric Owens saga... I wish I woud have 100K $ right now to buy more AZX. I think numbers are gonna be very good. Good luck to all !