Drilling costs per meter

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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SnugTheJoiner

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Drilling costs per meter

posted on Aug 07, 2009 11:23AM

I sent an email to Jim V. of UC Resources (CEO) asking him about drilling costs per meter. He has kindly replied:

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That's almost impossible to say because of location of drill and chopper time required to get to the drill, and s**t happens in the JBL that happens in remote places.The size of the program and amortizing the mobe and de mobe is a factor as well.

A ball park ??????????? All in $250.00 a meter, is probably safe, but it can get cheaper at times.( no number is safe in the JBL ) In NOT's case the program is so big that in the winter time with little chopper time it could be to $190.00 . Dept of hole and number of moves is also a factor, no it's really a moving target.

Sorry but there really is no number that you can nail down.

Best
Jim

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Snug

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