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Ann: Additional High-Grade Gold Drilling Results at Comstock Gold, page-36

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buddy134

23,467 Posts.

110

11/10/18

09:40

Post #: 36079093
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Originally posted by eastwest101 ↑

I think they are saying that if they really do get 6 drill rigs (and thats the upper limit to what they want) then they will need significant amounts of staff, contractors, acomodation which all costs significant amount of $$$

Even with 3 drill rigs diamond drilling on double shift and 2 or three rigs single shift on RC percussion drilling the drilling costs alone mean that you will be burning through $15-25K a day minimum, and thats before you add in the cost of the support staff, supervision, cost of running an exploration camp (or drive-in drive out to Cloncurry if practicable).

They don't have enough geological infromation yet to justify 6 drill rigs, they should settle down and try for 2-3 drill rigs first to see if the results warrant that many drill rigs.

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Will there be a CR soon or will they JV with someone to proceed with what they have planned to do.??

The shortness of moolah seem to be the problem to me.

AMG Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
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