here we go again ! pre open ?, page-36

Two of your comments.

Firstly
More on the JORC Code, as I have pointed out the JORC code was written well before CDU was 'born'.
Secondly
The JORC code is open to interpretation, 5 different geo's/consultants could give you 5 different calculations with 5 different results using the same code.

The Standards Association of Australia (SAA) is the body for doing scientific codes. The ASX was never set up to handle this sort of thing.

The August 18 situation is the only the one CDU had. You quoted another in your comment. I think it was Hoots who quoted another some months back.

So mum and dad investors read the company drill results follow closely the adventure in early exploration, buy shares, possibly do what max did and go long, get really excited about the company and wait till the deposit is defined.

Now, I am talking any mining company, these mum and dad investors have never read or understood the JORC code and assume it will give an accurate rendition of what is in the ground. The results come out and as you say it is downgraded by 50% as you quoted for Excalibur Mining EXM. I am using your quotation not CDU.

Is the situation such that savvy Geo type people who read the drill core results and know how the JORC code works can sit on the sideline and wait till a JORC comes out and short the hell out of it and do this on any deposit that has nugget or unusual type mineralisation? Mums and dads do not understand this.

The Liberal Party of Australia has always been opposed to a constitution because no matter how well written someone will come along and exploit the hell out of it.

Was the JORC code written by some very cleaver people so that it can be exploited in the manner of August 18 or was this just a loophole?

Your comment about "open to interpretation" now that is not a scientific term. The word conservative is not a scientific term.

We have 3 reports, two JORC and one bulk testing. Using your word conservative, is the result between the first JORC and the Bulk Testing conservative or just plainly wrong. This is an interesting question and before you answer it remember max lost 11,000 shares as a result. How much money was made and lost as a result of August 18. Do you think this could be a good reason for the way the JORC is written. Either the first JORC or the bulk testing is wrong, both cant be right.

You cannot do a scientific report and then say after all it is just an opinion and allow people to short the hell out of the situation over the issue.

As for the up rampers and down rampers, by now anyone on hotcopper by now know who to trust and who not to. Just on this thread my list of who I trust, aka hooter, Karlene, Charlie123. There are many more. Jantimot I know is very good at what he knows and I listen to him but I am not sure from where he is coming.