I've been reading a bit about reporting standards for asx rock chips.
It seems that as long as the company clearly describes the method used for selection, eg. grab sample, channel sample, etc... by a competent person... then the asx is satisfied, so to me, SUM should be within their rights to provide what they have so far.
I'd love to hear from an objective person who knows the code better than I do.
At a glance, I jumped to the conclusion, having never seen a company provide samples such as this (almost pure 40%) in my 20 years of investing that it wasn't allowed.
For example, this would mean that as long as a gold explorer states clearly that they picked the nuggets out, then by rights, they can assay 99.9 % pure gold. It seems almost unbelievable, I know.
Please correct me if I'm wrong.
I'm not hear to up or down ramp (couldn't care less), however in this one off situation (perhaps due to Nb exploration), I'd like clarification from a qualified person if one exist here.
Any Geo's or ASX code gurus???
Apologies if I've stated opinions here that may have been wrong.
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