Inspiration Mining

Welcome To The Inspiration Mining HUB On AGORACOM The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
Maroons
over 14 years ago
1
0
in response to whaler's message

So do they go for it? 4.5 million bucks and 12 months work judging by the wage estimate.

Inspiration has prepared a proposed exploration program and budget for work to be carried out in 2010 as shown in Table 1.3. Micon has reviewed the proposed budget and believes that it is appropriate and warranted.

Table 1.3

Proposed Exploration Program and Budget Item No. of Units Unit Cost Total Cost

Delineation Drilling, Langmuir No. 1 Extension 30,000 m $75/m $2,250,000

Metallurgical Testing $90,000

Preliminary Geotechnical Investigations $80,000

Scoping Study $150,000

Exploration Drilling 12,000 m $75/m $900,000

Assaying 32,000 samples $12/sample $380,000

Salaries 12 months $250,000

Transportation $50,000

Support Costs 100,000

Sub-total $4,250,000

Contingencies 5% $200,000

Grand Total $4,450,000

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whaler
City
Rank
President
Activity Points
24936
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Date Joined
10/22/2004
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Inspiration Mining
Symbol
ISM
Exchange
TSX
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est. 70,403,770
Industry
Metals & Minerals
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