Ohh my!
I posted this months ago!
Please check Point 2 on the thread Key Factors for ESR's Success: My investment reference statement!
The Drilling Program is Make-or-Break(Based on My Estimates)
The next drilling program is pivotal but comes with challenges. While my estimates are derived from previous campaigns, the tough terrain, unpredictable weather, potential equipment breakdowns, and the inexperience of Timor-Leste crews could slow operations significantly.
- Scope: I estimate an initial program of 85 holes at Samalari ($7000 per hole), targeting the 85,000 sqm strike zone. Costs could reach approximately $600,000 AUD for Samalari alone.
- Drill Rates: RC drills typically achieve 10 meters/hour, potentially allowing 180 holes over three months under ideal conditions. However, delays in tough terrain are likely.
- Depth Potential: Some holes may extend to 100 meters plus if mineralization is encountered, increasing costs and complexity.
It’s crucial to manage expectations and understand that this program must be executed with precision to validate the project’s potential.
Note: please don't crucify me for my estimations before the program is released, they are just that, estimations
(20min delay)