UMC 0.00% $1.30 united minerals corporation nl

fact or fiction, page-22

  1. 2,250 Posts.
    yes they still do have southern flank.....

    all i ever do is dream about southern flank and (for novac) har_ _ _s as well.

    I was on a flight sitting next to a DC rig operator who works for Boart Longyear. He recons costs $4.5m to buy a rig and to rent for 12hours you get $15,000. That rig does both DC and RC.

    So theoretically speaking, if you rent out your rig on a full time basis then you could esily make your
    $4.5m capex back in 1 year.

    Id be happy then going to southern flank NOW and drilling. thats how excited I am about Sthn Flank - and i am excited about other areas within Southn Flank which I am sure the boys are going to target as well.
 
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