RE:RE:TEN DRILL RIGS this yearActually, ten rigs is fantastic news. This deposit is so large and continues to grow. They really want to find the limits of Goldstorm this year so they can get to that resource estimate. Ten rigs gives them a decent shot to do that, unless, of course, the deposit keeps growing well beyond the expected boundaries.
To do an updated estimate now, would waste funds when it doesn't give any clear indication of final deposit size.
Ten rigs is very manageable. Perhaps for yourself, it might seem overwhelming. But these guys are professionals; project management is second nature to them. The additional rigs also allows them an early look into the potential of the non-Goldstorm deposits.
Don't fret, this is excellent news. This program has been well thought out. If you are still concerned, give them a call, and they can walk you through the rationale.
cskhurasu wrote: Ten rigs are not a good sign. It's very difficult to manage such a large program efficiently. Each of the 10 rigs has to be mobilized and demobilized which is expensive. Ten rigs mean more crews, more camp space and expense.
The resource to date didn't need 10 rigs. Has the program lost its focus? Is this because last year's program added very little to resoures? Which is why there was no new resource estimate?