when will investors take responsibility

The JORC code has been set up to provide some guidance to reporting mineral, resource and reserve estimates.

An inferred resource is the lowest possible level of confident that their is, and says that there is some sort of mineralisation that could potentially be economic.

To require a sign off from someone to say that an inferred resource is economic is crazy. Thats why you do a BFS or pre-feas, and then the resource is upgraded to indicated and measured. Only at measured resource and the reserve stage can you say that the ore body can be economically extracted and processed.

If people cannot read the JORC code and know the difference between the different categories, then stop complaining and get out of the market.

The PMH announcement is only an inferred resource, and if you know how to read the announcements, it is a low grade minerlisation (0.4%) at depths of up to 880m.

Everyone winges about how ASIC and ASX should be stopping these sort of announcements etc...what rubbish..

The JORC Code requires a competent person to sign off (see clause 8 of the JORC code) stating that they believe it meets all the requirements of the JORC code.

It is not the role of ASX or ASIC to do the grunt work. Investors should learn how to read the announcements and invest accordingly.

The work has been signed off by Golder Associates a world class ind geo outfit.

Work a punt but dont lump it with Cudeco.