Cap.Raising or Update on Drilling., page-6

I've asked this question during discussions with the company and we can rest assured that we could drill 70% of the program before tapping the market for dolleros, we have been told the conservative figure for drilling per month is 1000-1200 metres per month which if holds true means we will drill until may next year, 16 800m divided by 1200 m per month = 14 months x 70% = 9.8 months or somewhere around xmas and at that rate we should have concluded phase 2 of the drill program.
I would be very surprised if we haven't made a significant discovery by then,  the first 2 phases are exploratory, so we will need cash to drill the third phase which will be infill drilling the hot spots uncovered  and bear in mind that one hole so far has 70 odd metres of chalco that was 70 metres deeper than planned.
very interesting times ahead for those who can hold their nerve during the tax sell off months.

regards timmo