Thought I would pose this question on the OT hub as to not clog up the main board.
Although I don't own any mutual funds, I seem to recall reading a prospectus for one years ago and one of the criteria for the portfolio was that a NI 43-101 must be in place in order for a company to be included in that fund.
Is it a correct assumption that many(some) fund managers can't add a company to their portfolio untill a NI43-101 is completed?
If this assumption is correct, my thinking is that the statement Richard made March 17 “Another six holes and we’ll give it to engineering to work up a 43-101 resource.” plus the fact that these 6 holes are part of the upcoming SGS assay results would/could/should open Noront up to some real nice institutional buying pressure?
Past experience has shown me that Institutional buying pressure tends drive SP much higher/faster than retail buying so in my mind right now this DE1 43-101 takes on a whole new level of importance.
Just thinking outloud really....appreciate any thoughts you may have on the whole institutional buying issue.
