CGT 0.00% 21.0¢ castlemaine goldfields limited

Ann: WEB Update Board Room Radio Broadcast , page-4

  1. 1,860 Posts.
    the words in the announcement seem to have been carefully chosen to be obscure

    my guesswork here

    tenderer's price quote for the work required by the end of Dec

    tunnelling begins early January

    90 days of tunnelling including providing all required services such as electricity, air, water, ventilation, communications ...

    distance to "the mineralisation" (we are not told which of the two mineralisations) is about 120 metres assumed measured vertically, so the tunnel, usually called a drive, would be about 850 metres at about 10 metres per day - cost about $3.5 million
 
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