How much does it cost???

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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How much does it cost???

posted on Nov 05, 2007 11:33AM

I posted this earlier with no reponse, can anyone please advise?

The following is from the news release on Thursday

2. Incur aggregate exploration expenditures on the property of $5,000,000 over a three year period (of which $1,500,000 must be expended in the first year);

Can anyone tell us what costs go into this amount ie: Costs associated with moving their equipment to site, transportation costs, labour, etc, etc. Or is it strictly drilling costs.

As well how much on average does it costs to drill a hole in this area.

The reason I'm asking, is how many holes will we actually see drilled in the first year.