Post by
Action3030 on Sep 25, 2024 3:45pm
Cunningham Mining Ltd
Does NOT HAVE an NI 43-101 (qualifying)Technical Report backing up its only property of supposed merit the recently acquired Nugget Trap Acquisition.
Can or will they sell tokens with the Nugget Trap property being their sole element of value without NI 43-101 backing?
Investment Houses Institutions Mutual Funds Pension Funds ETF's won't touch it.
In a nutshell, the answer is a resounding flat out NO outside of a ragtag limited collection of inexperienced misinformed investors hogwild for crypto reved up by whatever misguided reasons they may have in their heads.
The purpose of National Instrument 43-101 is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors on the stock exchanges overseen by the Canadian Securities Administrators.
A technical report is one of the most important public documents produced by mining issuers in Canada.
National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) requires a mining issuer to publicly file on Sedar+ a technical report for each of its material mineral properties.
That's a big no go there with Cunningham.