Re: Drilling Costs - yes, that add up
in response to
by
posted on
Apr 11, 2008 07:05AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Lets spend the money(wisely), 10M or 20 M, so be it. Lets not forget that with a market cap of 250M, the carrying cost for us shareholders is also in the same ball park.
I suspect though that the limitation is avialability of good equipment and good people. It is no point of wasting resources on sub-par stuff which you can't trust and only gives you headaches.
One important aspect of this $ talk is that it clearly shows that we can't do everything all the time. Personally I am happy they still are extending land holdings as well as pushing the efforts at Hecules. The other properties should in my oppinion be a little on the back burners not to blow all people resources in addition to money too quickly. Hercules needs at least 2 more years of extensive work