"If they didn't get enough data from previous drill results from Nicanda to be within 'code'...."
Not enough "DATA", really? Translation = not enough GRADE.
The purpose of the current drill campaign is stated by TON as "infill" drilling only, i.e. due to the extremely wide 450m spacing between sections - how long will it take to receive assays? How many drill lines planned, how many holes planned, how many metres of drilling, how many diamond holes?
last time it took over 10 months from commencing of "exploration" drilling on 23/4/14 to receipt of ALL assays on 26/2/15. And still the JORC update promised "shortly" is outstanding.
BROKEN PROMISES
21 October 2014:
TON announced its maiden JORC resource based on assays from only 46 holes and stated a resource update would be issued on receipt of the remaining assays to confirm the model.
27 January:
All assays "expected" by the end of January 2015.
26 February:
ALL assays now received. TON is aiming to provide a more accurate update "shortly".
2nd April:
Resource model update nearing completion, TON is aiming to announce the results "shortly". preparing for May infil drilling campaign.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)