RE: nothing changes "Anyone know how many feet they drilled last year.? They charged over $900,000 for the drilling at cumo."
There was no drilling on Cumo in 2011.
The last announced drilling was in 2010, on the new property.
On 2010-08-17. MSQ announced its 2010 drilling program on the private land purchased in 2010. This was a 560-metre (1850-foot) hole. MSQ announced on 2010-12-15, that three holes were drilled in 2010 for a total of 1,312.8 metres (4,307 feet).
If $900,000 was charged for drilling, then the cost was $209 per foot.
At that rate, the proposed 2012 drilling program (230,188 feet) will cost $48,109,293.
Converted into 25-cent shares, that'll be 192,440,000 newly minted shares.