Post by
dingdong01 on Jun 21, 2024 1:24am
some 7 million $ left in the kitty doesnt bode well here
Table 1-3: Proposed 2024 Program Budget
Item Unit Unit Cost
(CAD$)
Cost Estimate
(CAD$)
Diamond Drilling: NQ2/HQ 10,000 m 12,000/day per drill 2,880,000
Assaying/Stewart Core Shack 6,000 samples 600,000
Camp supplies & food 25 personnel, 120 days 250 750,000
Helicopter support 600 hours 1,900 1,140,000
Field staff: Geologists, camp support 25 personnel, 120 days 600 1,800,000
Heavy Equipment and Vehicles 300,000
Metallurgical Test Work Program 300,000
Environmental Studies 250,000
With $8,020,000.00 in budget expenses 2024 not including overruns expect dilution till the cows come home before the season ends with nothing earmarked in the current budget for a PEA that rest assured will dwarf some nominal made up figure of$550,000,.00 additional dollars.
Comment by
dingdong01 on Jun 21, 2024 1:37am
furthermore ~ regarding shortfall and dilution to come none at this time adjusted to overrun revisions that follow an undertaking such as this Resource Update 100,000 Preliminary Economic Assessment 550,000 Subtotal 8,670,000 Contingency (15%) 1,300,500 Total 9,970,500 I stand corrected and rest my case