RE:RE:Treaty Creek drilling costsThe numbers are solid. The field staff, camp and helicopter costs might be lower since the drill pads are already set up, so drilling might be quicker than my estimate.
Larry60 wrote: RP,
Good effort. Sensible. Broken down.
BUT, its quite simple. Look at TUDs 2023 FS. In cash flow statement they show they spent $25.5M on exploration for the year (which is really 2022 as they have a March year end). They drilled about 40,000 meters of drilling. So call it $600 and change a meter INCLUSIVE OF ALL COSTS including fixed costs. Costs are probably up 10 to 20% over the past year or so though. As well, 2022 was their biggest program ever so they had a big base to spread fixed costs over.
In 2023, TUD drilled 30,000 meters and in the last 9 months of 2023 they spent around $20 million on exploration (probably some expenditures in the 1st 3 months as well)
The info is out there
rockport1 wrote: For a 10,000 meter program at Treaty Creek it will cost something around C $6 million as estimated here:
Drilling $250/m = $2,500,000
Assays nbsp; 50/m = nbsp; 500,000
Field staff = $1,000,000
Camp = $350,000
Helicopter = $1,500,000
Total = $5,850,000
The helicopter costs could be off because this is an estimate of how many hours are needed. It should be close based on the past costs for Treaty Creek. Current rate is $1900-2000/hour. I estimated just under 800 hours.