asic has failed again, page-2

Without legislative changes to force mining/exploration companies with a market cap greater than x to publish a JORC say annually, I am afraid this may continue to happen.

Listed companies are required to get their accounts audited. I'd say it is equally necessary to have their claimed or alleged resource audited. The market was allowed to trade on verbal and unverified claims and "chatroom" hype on an uninformed basis.