Eagle Plains Resources Ltd EGPLF

Drilling

[hankhenry44]

Eagle Plains have their $1 million dollar flow though money so its game on drilling at Vulcan. The money has to be spent this year so a mnumber of holes should be drilled. The next Sullivan discovery is still in play for this year!

[dar76124]

Anyone know what it costs to drill a hole from an existing drill platform?

[NineLives]

No idea anymore, inflation has changed everything when costing mining equipment. But as this is the only major exploration they are doing then it will be easy to disseminate costs on their next financial report via SEDAR. That should be released this month for end of June and they sunk 2 holes ? in that Qtr or was it 3. Will check old releases. All in price EPL and ER now 26 cents, combined it

[GoldInsect777]

Wow! .30c? Burn a hole in my pocket! Good thing my cost basis is .28c - a 7% profit is exactly what I got in this for. 

[NineLives]

What price were you expecting then at this present stage ? ER will eventually move when a exploration company actually starts mining one of the underlying NRI's. EPL three main assets is Terralogic, shares held in other optionee companies and the cash they have. EPL will eventually move when Terralogic reports a meaningful profit and/or one of the optionee's makes a big find on a

[GoldInsect777]

To be honest - I wasn't really expecting any particular price at this stage, but if no good find is made on Vulcan this drill season, I expect the share price to nosedive even further than it has in the last two months.  This is a stock who's volume in the last four trading sessions has totaled a whopping 7,000 shares, and who's higher volume days of closer to 100,000 seem to be