I understand they have money in the bank.
That is not in question.
Imho drilling in Canada will prove successful and they (again imh)o will want to accelerate their drilling program.
Here is an idea of cost of drilling in Quebec. I would add another 30% on top of 2021 due to labour and inflationary pressures.
https://statistique.quebec.ca/en/produit/tableau/distribution-of-the-number-of-metres-drilled-total-cost-and-cost-per-metre-for-core-drilling-by-expenditure-category-quebec
As I said, it is not cheap.
Regards
DD
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Open | High | Low | Value | Volume |
77.0¢ | 82.0¢ | 74.0¢ | $5.004M | 6.495M |
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No. | Vol. | Price($) |
---|---|---|
2 | 16315 | 76.0¢ |
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Price($) | Vol. | No. |
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76.5¢ | 22847 | 1 |
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No. | Vol. | Price($) |
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2 | 16315 | 0.760 |
2 | 8221 | 0.750 |
1 | 9979 | 0.745 |
7 | 56941 | 0.740 |
3 | 7071 | 0.735 |
Price($) | Vol. | No. |
---|---|---|
0.765 | 22847 | 1 |
0.770 | 11250 | 2 |
0.775 | 61877 | 3 |
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