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Ryan Gold Corp V.RYG



TSXV:RYG - Post by User

Comment by bob4977on Oct 25, 2012 1:19am
166 Views
Post# 20521243

RE: Food for thought

RE: Food for thought

If you go back over their news releases You would have found that they originally planned a 6000 meter drill campaign at Ida Oro. They ended up drilling about 7500 meters. They originally forecast about  $10-12 million. With the extra 1500 meters drilling, that would be about $3 million. That puts their cash spent on exploration in the $13-15 milion range. They needed to spend $15 million so they may have needed to spend the $2 million or maybe it was just too good of a deal to pass up.

Bob

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