Post by
ekim on Jan 11, 2016 12:19pm
What's next?
The results will come, the valuation will get done, the PEA will get done..but that is all office work.
Friedland's are not one to sit on office work.
They have the full LDD rig up on site...so no cost to transport it.
Options?
LDD CH-44 or Trench blast CH-44 (What is the cost difference?)
LDD CH-6 - To confirm macro grade.
Maybe they can trench blast ch-44 and send the LDD rig to CH-6 for 1 or 2 holes.
Don't think they are really interested in expensive airport ice rink and air transport of all bags again...so I suspect the bags will be transported via sled or stored on site until next winter.
Sled, sealift and train/diesel trucks would be the most affordable part.
Not usre if they trench of LDD rig during the summer..don't think they have or would get permits for that...so summer would only include additional core drilling.
Core drilling in the summer is the absolute minimal work that would be done (IMO).
I guess we will find out details shortly after the rights offering is exercised or partially exercised.
Any trench/LDD during the winter programme would need to get kick started pretty quick.
LONG...PGD
EKIM
Comment by
Kidlapik on Jan 11, 2016 2:56pm
Just a weather update. We have a TON of snow right now....im sick of shoveling. People are driving snowmobiles and parking trucks/cars.
Comment by
mill44 on Jan 12, 2016 12:48pm
If the Friedlands decide to finance, the money will be used to get the PEA and start planning for a mine. There will be no more money wasted for exploration. The feasability is the key, based on what they have now. If the mine pays for itself, good, they will find what else is there while getting the already know stuff out.