Tombu
Since THX is putting up all the drilling funds, may be they could take half of his 40%, giving THX 80%....that would help the S/P a bit more if the drill hit something of note.
40% is quite a nice free carry, but to make it worse we had to wait all those months for things to be settled in court....mean while the interest in mining stocks has considerably waned.
Does anyone know whether drilling rates have dropped at all, because if each hole they drill (approx 1000m) is going to cost approx $1m.
With THX's luck our chances of hitting a major hit first hole I would think pretty slim....but if we did I don't think funding would be an issue.
Regards
Dabru
DYOR/IMO
TombuSince THX is putting up all the drilling funds, may be they...
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