"Perforating the B Sands is like drilling a 10 million dollar well for 1 million with a much better chance of success."
Probably be a fair assessment if you just bought-in at .008cents
Costs - Direct costs approx $1.3m - Extra down-time for test (loss of revenue,penalties) - Loss of revenue before acceptance of assay tests - Internal company costs
= COST TO SHAREPRICE
A lot of the costs could have been avoided by initially testing the B sands (probably peanuts at the time).I think it came down to a "Big Kev.moment - I'm excited - The D Sands !!!".
EGO Price at posting:
0.8¢ Sentiment: LT Buy Disclosure: Held
