This is the time to Invest!, page-46

A JORC from another company in 2008 . Big deal . Only 5 buyers in the queue . Must be FOHD ( fear of holding dog )
From ASIC -

• • • • clause 14 of the JORC Code (PDF 1.12MB)

What if a project changes hands?

If a buyer automatically republishes or relies on the initial publication of the vendor's forward-looking statements such as production targets, without reassessing what may have changed, the statements may be misleading.
You should reassess the underlying assumptions supporting the forward-looking statements made by a vendor for any changed circumstances that may mean the statements are no longer reasonable.
For example, previous statements may no longer have reasonable grounds where the buyer, unlike the vendor, has insufficient stand-alone financial capacity or reasonable grounds to fund the project.
Equally, using a third party's net present valuation for the same project may not be appropriate if the valuation relies on the third party's funding position and corporate financial hurdle rates.
If in doubt about whether or when there is an obligation to update the market, we recommend you seek expert advice.