You don't get drilling done for $400k. Lets say that drilling costs all up are around $150 to $400 per metre gives you around 2000m. Now deepish holes - let's say that maybe 3 or 4 holes max can be drilled for that cost.
What I am saying that in this quarter if they spent $400k all you will get is maybe 3 or 4 drill holes.
If these holes aren't carefully planned to hit mineralisation then a number of shareholder are likely to depart this company.
Suggest that we could be seeing a 4 or 5 cent stock soon.
KDR Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
