I have been doing some digging about Montgomery & Associates and Michael Rosko; interesting. Both are very highly regarded and have done a lot of work in S. America.
Part of the land XTC has acquired has already been drilled and analysed - that has been reported.
The analysis and reporting has been done under the Canadian National Instrument (NI) 43-101 code; a robust standard. However, it varies from the compliance required by the ASX standard JORC. Part of life.
I wonder how much of the previous work was to the standard NI 43-101. If it is substantial then a lot of the work could be done, with Rosko just needing to re-confirm and get it to comply with the ASX/JORC requirements, and all is great.
The choice by XTC Management to engage M & A is obviously based on competence, with competency in the Canadian Standard just icing on the cake.
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I have been doing some digging about Montgomery & Associates and...
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