Rosseau:
Here's the current plan -
If you have a better one, show it please, with cost breakdowns (for instance, the estimated cost and source of funds for dataman's 40 drills), and we can make a judgement.
BK
================================
From:
TECHNICAL REPORT
AND RESOURCE ESTIMATE
ON THE
EAGLE ONE DEPOSIT
DOUBLE EAGLE PROPERTY
EAGLE ONE Unit cost Units $CDN
Delineation (for scoping)
Diamond drilling $ 120 5000 $ 6 00,000
Drill support (geos, camp, assays, etc.) $ 5 5 5000 $ 2 75,000
Helicopter support $ 1 75 5000 $ 8 75,000
Subtotal $ 1 ,750,000
Scoping study
$ 1 ,750,000 1 $ 1 ,750,000
Subtotal $ 1,750,000
Total Eagle One $ 3,500,000
AT2 (Eagle Two and Blackbird One)
Delineation (for initial resource est.)
Diamond drilling $ 120 5000 $ 6 00,000
Drill support (geos, camp, assays, etc) $ 5 5 5000 $ 2 75,000
Helicopter support $ 1 75 5000 $ 8 75,000
Subtotal $ 1,750,000
Resource Estimate (BB1 and Eagle 2)
$ 400,000 1 $ 4 00,000
Subtotal $ 4 00,000
Total AT2 $ 2,150,000
Blackbird Two
Continued exploration
Diamond drilling $ 120 3000 $ 3 60,000
Drill support (geos, camp, assays, etc.) $ 5 5 3000 $ 1 65,000
Helicopter support $ 1 75 3000 $ 5 25,000
Total BB2 $ 1,050,000
AT12 Cu-Ni-anomaly
Continued exploration
Diamond drilling $ 120 2500 $ 3 00,000
Drill support (geos, camp, assay, etc.) $ 5 5 2500 $ 1 37,500
Helicopter support $ 1 75 2500 $ 4 37,500
Total AT12 $ 875,000
Anomaly Testing
Linecutting $ 650 200 $ 1 30,000
Geophysical surveying $ 5 00 200 $ 1 00,000
camp support (geophysics) $ 2 50 200 $ 50,000
Heli support (geophysics) $ 1,500 100 $ 1 50,000
Drilling $ 1 20 4000 $ 4 80,000
drill support (geos,camp, assays, etc.) $ 5 5 4000 $ 2 20,000
Heli support $ 1 75 4000 $ 7 00,000
Total Anomaly Testing $ 1,830,000
Airstrip and Camp Construction
1 $ 1,750,000
Subtotal $ 11,155,000
Contingencies (10%) $ 1,115,500
Total Budget recommended $ 12,270,500
Total Budget Rounded Off $ 1 2,300,000
