The Canadian Securities Administrators have developed National Instrument 43-101, a rule governing how mining stock issuers can disclose scientific and technical information about mineral projects to the public. The rule requires that any and all disclosure must be based upon a technical report or other information prepared by or under the supervision of a qualified person.
These reports can make or break a project by dramatically affecting a company's ability to attract financing. A 43-101 report by a legally qualified person, who may not have a firm grasp of economic geology and mining realities will, in most cases, distort the true economic value and potential of a property. Conversely, a 43-101 report by an expert qualified person will assure that the mining company and the investing public are fully and completely informed.
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