"I thought the whole point of a JORC was that the market was...

"I thought the whole point of a JORC was that the market was fully informed to a certified standard and could therefore make an informed and accurate decision."

Exactly, or what the heck is the point of doing any FA? If JORC is wrong and the managers deceive us there is no way to make informed investment decisions - the stock market becomes a casino. Better to blow your money on a holiday than put it into these guys pockets.