So 2,653,000 approx. shares valued at 24.5c gives drilling fees of $650,000.
Ppl more up to speed than me can divide this amount by cost per metre to get an idea of the drill cores being done. $250/metre is rough measure from recall.
But depends on the conditions, type of rock etc.
I may have missed an announcement, but has SVY quoted length and number of holes to drill or a price on amount of drilling to be done?
Ann: Application for quotation of securities - SVY, page-3
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