Price for drilling might be more than $150 per meter.One thing that GoldNHill forgot.. it also depends on how deep you are drilling. The deeper you go, the more expensive it is per meter.
As for $150 a meter.
It might be more expensive than that.
DoumdiDoum told us it was about a million dollar drill program and they planned to do about 2000 meters. That all came from a stockhouse poster though.. the company never told us.
The company stated drilling was initiated in March. DoumdiDoum mentioned the drilling would begin on April 23.
There has been no update from the company as to how drilling is going.
It is interesting to me... that a news release put out by the company about the financing the other day.
It stated that "it is anticipated that insiders "may" participate in the financing". Then it went on about perhaps not receiving 21 days notice that they were participating or not.
It would sure give some confidence if they stated that they were going to participate. Not that it is expected that they will consider participating. Why don't they make a commitment?
I suppose that all depends on how the financing goes. And if they can get others to invest. Perhaps if they get get $6.5 million from outside investors....then they might participate.
But they are not making any commitments.