topsydc & DABRU
Agree they would be able to cut drill costs markedly ATM, cannot see with the state that Boart Longyear are in that the company couldn't negotiate fire sale drill rates. Twice as many holes for the $'s means a lot to an explorer, especially to the shareholders and that means the chairman also, now he has tucked away around 48 million shares.
You would have to reason Phil will be using all his many years experience to deliver the goods, because if the company's SP hits only half of the previous high he will quite literally be rolling in it.
Then again if he strikes a major find and with less than 300k on the register he may be saying "move over Twiggy"
watch the video
http://www.abc.net.au/news/programs/the-business/
topsydc & DABRUAgree they would be able to cut drill costs...
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