Re: update
in response to
by
posted on
Dec 07, 2010 10:58PM
Edit this title from the Fast Facts Section
well the md&a says that 3 drills will continue drilling the california property and that vetas drilling will start in Q1 with 15000 meters and a budget of 2.25 million dollars. That means that there will be at least one other drill coming in, otherwise this expense doesnt make any sense. It looks more like 2 new rigs to me, if you look at the expenses from the california properties for this year.
the md&a isnt very clear, because it could also be interpreted that 3 new drills rigs will come on the california property with a new program of 25000 meters of drilling@ 4.75 million dollars.
so i can see how people are talking about the drastic increase in drilling rigs on our properties.
in any case, only investor relations could clarfiy this