The 43-101 process was introduced to avoid another "Bre-X", ie pump & dump

What aboput the reverse, ie the bear raid aka smear & sell?

"Bre-X in reverse, where the asset is intentionally and systematically understated to the investing public"?

(And if a 43-101 should systematically understate the resource: to whom and when would THAT become apparent, were it in fact so?)

The more valuable the resource

the lower the share price

until enough retail has jumped off

then the rocket flies

Two years ago IIRC Management gave themselves 3 year options at prices = or greater than 2$/share.

My point: anybody buying HAT now ought to count on it as a long-term invetment: ten years till' profits (and then perhaps only upon an agreed buyout's actual announcement - that poison pill now in place may keep the market prices pretty low for these shares - as you can't get control of the co by just buying shares, apparently!)

These shares may go to less than 90 cents during the next year.