Absolutely correct -
it is also correct that Resource and Reserves are reported according to the code and estimated by a competent person. Compliance with the code refers to reporting not to estimating
None of that changes the fact that the company has not reported any Reserves. That calls into question the reasonable basis of any forward looking statement
If engineering to DFS level has indeed been completed then all of the work required to report has been completed. Its a simple matter of preparing the report. The incremental cost is small. It would mean that all material aspects would be disclosed transparently.
If its a matter of needing more drilling as one poster seems to suggest then that raises question on the fundamental support of the claim to DFS level of confidence. and the reasonable basis of forward looking statements
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