RE:RE:Drilling costs for 2023 program
schocor wrote: "THe CEO" confirmed that last years drillinng cost $5m to date on August 31st; thate not when driling, assays, or technical studies stopped. I reckon they spend far more than the $5m.
The budget for Aw1 last year was $9.1; so the real numebr is likely somewhere inbetween.
Regalrdless, AW1 will have fufuilled their earn in this summer; which is why even Thomasd the CEO says ASton has a 20% EFFECTIVE interest in storm.
Cant see why anybody woudl be debating this and differently.
After quickly looking at the option agreement, there does not seem to be any further payment of any kind to BAY upon AW1 acquiring the 80% after the $10,000,000 exploration expenditure has been met. With only $34,498.00 in cash reported as at December 31, 2022, I think the CEO is going to have to write another cheque to float the company. Gracias. Tik tok. Grinnn. Cheers mate. Yup. Hummm. Without prejudice.