"What if the reason that they're preparing the 43-101 is in preparation for trying to get listed on the tsx-v ? Would that not make sense?"
Yes. That is a valid point. I don't know if that intention has been communicated by the company or not, so I'll defer that to someone more familiar with the current events. If that is the case, they will be required by the SEC to provide the requisite disclaimer in their filings and PRs as a dual lister:
"Cautionary note to US investors:
The US SEC permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Certain terms in this annual report, such as resources, other resources, and mineralised materials that the SEC guidelines strictly prohibit us from including in our filings with the SEC. US investors are urged to consider closely the disclosure in our Form 10-K included with this report."
http://www.kayescholer.com/news/publications/sec-vs-canadas-ni-43-101-30august2013/_res/id=sa_File1/mason-mining-journal-article.pdf
