Share
4,048 Posts.
lightbulb Created with Sketch. 550
clock Created with Sketch. 25/07/18
10:34
Share
Originally posted by Oversee
↑
Yes I do think that they do not have the funds to do a proper drilling program. My detailed posts yesterday set out the basis for this view, including reference to the severe lack of cash currently held by the company (taken from VIC's own quarterly reports, not me making them up) and a comparison of PGM's drilling campaign undertaken next door last year, in which PGM drilled less than half as many holes as what VIC is planning to drill and its "exploration and development" costs - which doesn't even consider all of the other costs of running the company - during that drilling campaign was over $1.2m (again, taken from PGM's own reports, not me making the figures up).The Board will provide shareholders with a more detailed account once logistics and a ll third-party service providers are finalised "
Expand
OK lets leave the of topic portions of that aside and stick to the drilling campaign - you do see that it's broken up into 5 locations over 2 sites yea? You don't think they could get drilling done for their most prospective location first?
