"The Joint Venture Operating Committee has appointed Oroya as the operator of the project. A pre-drilling gravity survey is proposed prior to rig mobilisation in the first quarter of 2011. The total budget for this program including drilling is $450,000."
1) I think they have not completed the Pre-Drilling Gravity Analysis yet as they said themselves that in ASX announcement.
2) $450,000 Budget: Qtrly report does not confirm that.
So the question comes : Where are advance payment to drill rig operator. No Advance payment, hence no drilling?.
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