You might want to sit the next couple of plays out MS.
This wasn't a rush job, they have reported correctly and accurately.
What you say isn't gospel "1) people were expecting higher TGC & not expecting 0% GC being in the mix."
By "people", I'm thinking you mean just yourself?
I thought the JORC release is a good one, I believe it was better than expected as a smaller JORC was already built into the share price - Hence the rise - And I think ~40-45c is about right for this point in time.
There's been a lot of information from TON in previous ann's regarding drill results so it shouldn't come as a huge surprise that the JORC was going to be 1+bill tonnes at ~10-11%TGC with 5% cut-off.
Having said that - With the amount of graphite being found by explorers at the moment, and with SYR's deposit next door using 13% cut-off - Higher grade is what will count, there wont be much point in mining below 10-15% cut-off in a couple of years time.
GLTAH
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