Hi MB,
Looking at the Dec2014 qtrly they drilled 33 RC holes (just under 5,000m) for $860k - so lets say $200/m.
Qtrly admin etc. costs seem to be running at $400k.
They had $6m - less (say) $600k for drilling & (say) $600k (1.5 qtrs.) for admin = $4.8m left so you're pretty close with $5m.
I'd be interested to hear from someone more knowledgeable than me what surveying & 500m deep diamond drilling cost.
Diamond drilling, page-2
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