CCZ 20.0% 0.6¢ castillo copper limited

Ann: Drilling Underway at Arya Copper Prospect, page-9

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  1. 9,311 Posts.
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    They had $11 million at the end of June. Call it $10 million at the end of September (which should be a low estimate). How much do you think this 5 hole program, including heli-lifts, will cost?

    I doubt it will get close to the cost of diamond drilling which can be upwards $250+ per metre. You'd get up to 40k metres of diamond drilling for $10 million, 20k metres at double the price. They may not even exceed 1000m of RC drilling on this run so there seems to be zero call for an imminent CR but please put up your case with some numbers.


 
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Mkt cap ! $7.797M
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