EXU 0.00% 17.0¢ explaurum limited

"Sonic drilling costs ~$250/m", - maybe if they were drilling...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 23,765 Posts.
    lightbulb Created with Sketch. 258
    "Sonic drilling costs ~$250/m", - maybe if they were drilling hardrock , but in soft rock and unconsolidated rock like at MACE which Sonic drilling is ideal for I doubt the cost would be more than $80 a meter of course then there is sample testing costs on top of that .
    THere could be an issue getting a sonic drill though as you mainly hear about them being used for testing core at construction sites .
    The company sure did do a lot of RC drilling at Mace before finding out it was not giving a good representative sample -seems strange
    Would be nice to do some novice kriging to work out a possible resource size based on the DD drilling , and maybe using some RC drilling with an upscaled value per drill hole but I do not have the time or motivation .
 
watchlist Created with Sketch. Add EXU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.