to jorc or not to jorc

a typical WA open cut mine developer needs about $100 million to build its processing plant (CIP/CIL cyanide processing)

to acquire finance this typical WA mine developer needs to prove that it has the mineable gold (aka reserves and resources) and it does this via JORC compliance documentation and a feasibility study

so if a mine developer does not need to acquire finance then where is the need to JORC?

if two of our Lachlan quartz miners, HEG and GBM, can begin producing (sort of trial mining) without JORC compliance documentation and without "feasibility study" then why not MCO as well?

especially this applies to MCO - why do a JORC when short term funding from quarter to quarter seems readily available with a bit of dilution and MCO only needs to get to the end of 2008 for its major development funding to come from the dec08 options?

things are falling into place for MCO and I'm predicting JORC and "feasibility" might go onto the backburner and trial mining could begin within the next month or so.

just intuition

Robert