I asked this question to an investor relations contact I know from a company that is posted on the TSX and for which I do own shares. I thought you may be interested in his response. This was my question:
"I was curious about your listing on the TSX and whether or not it required a 43-101. What was the primary purpose of this instrument? Was it to determine the ore body or was it to help firm up the companies stock price or something else. It is required for any significant purpose"
This was the response I received:
"It is a canadian regualtory requirement that a 43-101 technical report be filed in order to talk about reserves and mine plans."
Good Night.