I work in the industry, but in another country. The first time I saw an NI 43-101 report, I was stunned at how much detail companies were required to provide regarding the preparation of the samples. It all made sense when I realized that the reporting standard was a response to Bre-X.
Alaric4 t1_iwghod0 wrote
Reply to comment by owlbear4lyfe in TIL Of the Bre-X fraud. The Canadian mining company was a penny stock that reportedly found billions of dollars of gold in Indonesia. The stock skyrocketed but collapsed following the suicide of one of the geologists and discovery that the core samples were salted. by jamescookenotthatone
I work in the industry, but in another country. The first time I saw an NI 43-101 report, I was stunned at how much detail companies were required to provide regarding the preparation of the samples. It all made sense when I realized that the reporting standard was a response to Bre-X.