Teck,
43-101 is the regulatory number for the section that controls the release of information by Canadian public companies. Every drill result that has been issued by ISM is a 43-101.
Every year Kian Jensen writes a geological report on Langmuir and it is a 43-101.
He has updated that report as of Sept. 1, and it is a 43-101.
As the press release states, this 43-101 geological report will be used by Micon to complete their study. First you have to have the geological study, and then the engineers will apply the metalurgical numbers, economics, etc and come up with a resource calculation that we are all waiting for. The MIcon report with the reasource calculations will also be a 43-101.
If this project proceeds further and a feasability study is done, it will also be a 43-101.
I think we have all fallen into the trap of using 43-101 and Micon Report interchangeably.
I hope this helps.
In my opinion, the release of this 43-101 geological report indicates that the 43-101 Micon report will be coming in the not too distant future.