The approved budget for the program is $2.4 million, the cost of which will be shared 50:50 between Spider and KWG, after which an additional exploration program with related costs may be recommended as a result of the first phase of the program.
Neil Novak mentioned during a telephone conversation with me that if he hits something big [my words, but close] during this drill program (cost $2.4 mil), he might recommend a continuation of the drill program.
Sounds pretty likely to me.
Snug