Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Largest Nickel Deposit in the Shaw Dome
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So do they go for it? 4.5 million bucks and 12 months work judging by the wage estimate.

Inspiration has prepared a proposed exploration program and budget for work to be carried out in 2010 as shown in Table 1.3. Micon has reviewed the proposed budget and believes that it is appropriate and warranted.

Table 1.3

Proposed Exploration Program and Budget Item No. of Units Unit Cost Total Cost

Delineation Drilling, Langmuir No. 1 Extension 30,000 m $75/m $2,250,000

Metallurgical Testing $90,000

Preliminary Geotechnical Investigations $80,000

Scoping Study $150,000

Exploration Drilling 12,000 m $75/m $900,000

Assaying 32,000 samples $12/sample $380,000

Salaries 12 months $250,000

Transportation $50,000

Support Costs 100,000

Sub-total $4,250,000

Contingencies 5% $200,000

Grand Total $4,450,000

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