Anyone else think they wont be done drilling by end of June? From the April 28th news release:
"The Company has now completed drill holes SM20-01 - 13 for a total of approximately 3,250 meters of the increased 9,200 meter drill program"
So in four months they have drilled 3,250 meters, or 813 meters a month. They have 4,750 meters to go out of 8,000 surface drilling, plus 1,200 underground.
So almost 6,000 meters to drill in 2 months. I know people say they added a second drill, but can the underground drill even be used for surface drilling?
Even if it could, at a rate of 813 meters a month, 2 months, 2 drills, = 3,250 meters.
That's 2,750 meters short of 9,200. And that's assuming the underground drill can be used above ground. Even best case it seems like it will be another month and a half, so halfway through August.
How were they planning on drilling 8,000 meters in 5 months with one drill? Even with 2 drills it's going to take over 5 months.
I am still holding and buying more shares of the company, I plan on buying more shares next week... but... I would like to know #1 is the second drill going to be used above ground. #2 after 4 months they were planning on being at 6,400 meters, they are at 3,250.
Half the pace of drilling is a pretty big discrepancy in my eyes. If there are delays I would like to know the reasons. And if drilling of the 8,000 / 9,200 meters isn't going to be done by the end of June, they should probably let investors know now.