Tudor Gold Corp V.TUD

How much $$ to drill 10 000 meters , 4 million ?

[Galaxym31]

...

[cskhurasu]

Core, at least $15 million.

[Coyb88]

CSK sounds like you have extensive experience running a drill program. The average all in $/m is $400-$600 making your estimate overblown by approximately 3 times.  On one hand a heli supported program would be on the upper end of that range but Tudor has a well established camp and logistics system in place so I wouldn't be surprised if they ran a little bit on the leaner side. 

[Galaxym31]

So 10 000 meters times say 500 $ / m  equals 5 million . I actualy have a few drill rigs in my basement . Bit grumpy today ?

[Jetstream1281]

https://novoresources.com/exploration/glossary/drilling-techniques-costs/ Here's some factual information versus CSK's random ramblings.....

[Jetstream1281]

https://www.gov.nl.ca/iet/files/mines-exploration-mip-fees-maximum.pdf ...and here's another one....

[Larry60]

JS, What are you doing on NVO website???  I really hope you do NOT own NVO!!!!!!!!!!!!!!!!

[Jetstream1281]

I do not...I just googled diamond drilling costs as anyone can do....the second link is a government link which falls right into line....my point was that at the very most you are looking at about $500/m....likely even less....which is 3 times less than CSK is spouting off about....

[Jetstream1281]

That's factoring in a 100% increase in costs year over year....

[cskhurasu]

Drilling costs include camp, helicopter time, assays people etc.

[Jetstream1281]

I understand that....the government site INCLUDES those expenses.....you are WAY off base with your costing...everything you can find says $200-250 including transport, etc....thats all in...I factored in a 100% buffer by doubling it to $500 and you are STILL 3x too high....not even close.

[Larry60]

JS, TUD spent $25 million on exploration last year on 30,000 meters.  Not all of its drilling, but your $250/m for the GT is so stale dated. bottom line is that TUD needs $$$$$.  The denial on this board by the pumpers is palpable

[Larry60]

Agreed that TUD drilling costs at the margin are a fraction of what CSK stated ie. likely in the $500 range Having said that, the fixed costs associated with the camp are significant.  But while that drains $$$$$ from TUD (in the millions) it does not impact thee cost of addint drilling Ms

[Larry60]

PS for context, TUD spent around $25M on exploration last yeaar (maybe another $5M on overahead).   They drilled about 30,000 meters.  So there was an extra $10M in associated costs, likely a good portion fixed.