Traps, drilling to 300 Metres costs about $150/M all in, in Bisset. That includes geo, lab, core cutting and sampling. Deeper costs $10/100M so 1000M holes will be $220-$250 in this slow time. Prices will go up by 25% if it gets busy again. In that area they can drill 150M per day X 7 rigs or 1050m per day. 1050 X $220 = $231,000 per day. $25,000,000 / $231,000 = 108 days of drilling. How many extra rigs do you think they need? That is approximately 3.5 million feet of drilling. With time off, moving etc it is a year of drilling.

$25,000,000 / $8 per ounce with higher grades equates to another 3 million ozs or double the current resource. Is it worth it or not. I say it takes share price to $10.00 at current gold price, highe rcould bring $20.00

JMHO

HM