From the Quarterly Activities Report - ended 31 December 2012
Independent geologists Agapito Associates Inc. is preparing a JORC resource based on the cores and gamma logs from all 45 holes drilled on or in close vicinity of the Potash Minerals tenements. Until the federal exploration permit is granted, only the state lease lands can be included in a resource estimate.
So, Agapito were working on the JORC at least 6 months ago.
As for the expense of the JORC. Didn't the company issue Agapito some options instead of cash? If I remember correclty it was something like 200,000 options.
POK Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
