The SEC has told solely US-traded companies to stop referring to the 43-101 in filings or promotional materials, without a very clear and detailed disclaimer. Several US-traded companies that I track have received comment letters from the SEC specifically telling them to stop referring to the 43-101.
In addition, the BCSC has issued cease and desist letters to US traded companies to stop referring to 43-101 reports. A solely US-traded company cannot possibly ever be 43-101 compliant because the BCSC simply will not review and approve it. With this company stating they are going to commission a 43-101 report, its intent is misleading and fraudulent (or incredibly naïve on the part of company management).
It is not a matter of which standard is "higher", or even the differences in what each standard allows. It is really pretty simple - a solely US-traded company cannot promote themselves by referring to a 43-101.
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