This is very very very good to expedite drilling and massively reduce exploration costs imo.
They have acquired an historical database consisting of 5,140 holes, and they are going to use this directly for JORC.
The database information also included pilot plant & manufacture operations and it is a massive fast track to JORC.
The cost of the database was $1m; BUT consider that one diamond drill hole can cost in excess of $100,000 (in CDU's case, $180,000) - so we have complete information for less than $200 per hole. SENSATIONAL INVESTMENT imo!
Cheers, Pie (:
PEN Price at posting:
4.5¢ Sentiment: None Disclosure: Held
