Sunset Date Established and Bearish Summary, page-126

Flam, with your comparable drill costings, are the subsoil ground conditions similar in your comparison? I thought i read somewhere the ground conditions on the first drill location were problematic. Also the comparison is in Peru would only offer a sniff test i spose.

Drill costs would be heavily reliant upon ground conditions, thus any direct comparison in a different location would only have so much utility. ie time to drill if it hits rock would significantly increase hire costs and consumables

Also because its double the depth, does that necessitate that it is double the cost?

You will have a high level of costs attributed to mobilisation, demobiliation, preliminaries etc. which would be fairly consistent at any drill depth.

I would have thought an accurate costing coming from BPH would be more reliable? From reading somewhere they were saying $25m for 2,000m.

Just a thought process, i am still informing myself but $80m seems like a monster departure of where the info i could previously find

I did note this one currently in for approval.


Exploration Permit VIC/P57
https://public.neats.nopta.gov.au/Title/a461f44f-38eb-4226-baf8-e088361dc592
30 day drill program - $30m for 1,800m
Sea Lion and West Seahorse Drilling Campaign (VIC/P57 and VIC/L31)

So by the4 same 1:1 metric, your looking at $40m?

Food for thought