40 more holes, 10,000M. Anyone have any guesses on how long that would take?
as mentioned elsewhere, it's probably the best use of energy while the markets and the SP are not conducive to favourable financing.
Maybe M&A talk will really start cranking after we release the results from this drilling marathon.
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Do they have the money to drill 10 000 more meters? They have apparently only drilled 2000 meters in the last 6 months.
As of June 30, they had some amount of cash. $13 million or so I think. But they also had about the same amount in short term debt that had to be paid.