Iconic Minerals Ltd V.ICM

News Release - Misleading disclosure regarding Bonnie Claire

[donteatbeyond2]

https://stockhouse.com/news/press-releases/2022/11/11/iconic-issues-clarifying-news-release

 

"The Company retracts the subject disclosure and clarifies that (i) it has not completed a feasibility study; (ii) the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized; and (iii) mineral resources that are not mineral reserves do not have demonstrated economic viability."

[IvanRo]

Bit of an own goal on that one.

[IvanRo]

Stalking people because they comment on your post is not a good look buddy and I wasn't aiming my comment at you. The fact that ICM messed up the definitions between what a resource and reserve is a an own goal, it's stupid avoidable mistake.

[donteatbeyond2]

Yes, great to see the BC Securities Commission catching the misleading and overpromotional disclosure by ICM and NVLH regarding Bonnie Claire. I'm sure the trading will be watching closely, especially since both companies need to raise money soon.