OTCQX:GTBAF - Post by User
Post by
captainpoobyon Nov 26, 2019 2:02pm
128 Views
Post# 30394397
What is an NI 43-101 you ask?
What is an NI 43-101 you ask? I've been doing some research and it's NOT what I, and probably you, thought it was. It IS NOT a set of rules defining "how many drill holes" or "how far apart are the drill holes" or anything like that at all.
Here's a link to a Canadian government website that has an easy to understand pdf file with lots of graphics.
https://www.osc.gov.on.ca/documents/en/Securities-Category4/ni_20180307_43-101_mineral-disclosure.pdf
NI 43-101: What it’s not meant to be
• It’s not a guarantee of good work
It places an obligation on the issuer to have work done by a QP
The QP is supposed to do it right
• It’s not a cookbook for mineral estimation
The rule sets disclosure standards, not estimation practices It’s designed so others can review and judge the QP’s work
• It’s not a vetting process at the regulatory agency
Just because a technical report is filed doesn't mean it’s compliant
It’s the issuer's responsibility to comply