LIDAR imaging is completed and being interpreted/due out along with a few more rock chips/assays.
Depending on the results a drill program is announced focused on the high target areas in 2 - 4 weeks time.
I think someone mentioned a rough cost of $50pm for drilling in Brazil, so for 25M - 50M holes it's anywhere from $1,250 - $2,500 a hole.
For a basic 30 hole grid you're looking at $75k. Even double on costed it's $150k. So in a quarter spending $500k you could complete a fair amount of drilling.
So a drilling program might be closer and cheaper than you realise, if samples are sent to the labs every 5 - 10 cores then we could be looking at drilling results in 8 - 12 weeks.
GLTAH
- Forums
- ASX - By Stock
- SUM
- Ann: Further High-Grade Niobium Results from Equador - Brazil
Ann: Further High-Grade Niobium Results from Equador - Brazil, page-450
-
- There are more pages in this discussion • 67 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SUM (ASX) to my watchlist
(20min delay)
|
|||||
Last
27.5¢ |
Change
0.015(5.77%) |
Mkt cap ! $22.57M |
Open | High | Low | Value | Volume |
27.5¢ | 28.5¢ | 24.5¢ | $479.6K | 1.810M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11025 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 41878 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 104011 | 0.275 |
1 | 3773 | 0.265 |
1 | 809 | 0.260 |
2 | 17252 | 0.255 |
4 | 47000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 125871 | 2 |
0.280 | 103913 | 3 |
0.285 | 34111 | 3 |
0.290 | 163132 | 4 |
0.295 | 99345 | 6 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |