It's a decent amount of dirt for a $10 million program,
Most explorers spend a whole lot more $ for a whole lot less drill metres.
And most of our drilling will hit grades and lengths similar to historic drilling across the area.
Virtually risk free drilling.
A lot of the hard work has been done by previous owners.
This is prudent resource expansion at it's finest.
Buy 2million Oz of inferred resource at $20 /oz for $40m
Spend $10m to add to MRE and transfer to measured and indicated categories allowing DFS and further drill targeting in first 12 mths.
Kaboom - Up sized Mt Gibson MRE for next years Xmas present.
This drilling campaign is spot on.
This is how these guys add value to our investment in CMM
Ann: 110,000 Metre Drill Programme at Mt Gibson Gold Project, page-5
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