A review for adequacy and quality of 34 development stage NI 43-101 studies on SEDAR showed nearly half lacked engineering rigour, Tim Oliver, an environmental engineer and independent consultant, told the Prospectors & Developers Association of Canada
(PDAC) in Toronto this week.
“The conclusion was that 13 of the 34 studies flunked. They really didn’t measure up in terms of giving enough support for an investment decision,” Oliver told a standing-room-only crowd at the Toronto Convention Centre.
“In general, investors would benefit from more engineering rigour in these studies,” especially in key areas such as project execution planning, engineering documentation, scheduling, and cost basis discussion, or how they arrived at their capex and opex numbers.
Read the entire story at www.NorthernMiner.com/survey-of-engineering-reports