webpence: You are right. One needs to know exactly where the Gulf drilling was done in order to model the ore body to get the project closer to pre-feasability.
If I remember correctly, after historical hole #10 was identified, SRSR had been drilling 30 metres off on the Northing and 12 metres off on the Easting. Fortunately, now we have a cohesive model of all of the drilling; hence, we can use the historical data to save us probably millions in drilling if the company had not matched the 50's hole with the 21st century holes.
As to more drilling, as far as I know the engineers have suggested two extremely long (800 metres each) 45 degree holes across the deposit would be enough to allow mining plans. Maybe, (I estimate $200 Canadian for each metre of drilling, covering all costs-drillers, geologists, assays, core cutting etc)another $300k in drilling.
The real investment now would be in mettalurgy, a pilot plant , environmental studies to illustrate that the project is economical. Perhaps, another 5MM Canadian altogether.
You are right again, in that the Nemegosenda deposit is very consistent and, since it is right from the bedrock (4M-11M of overburden throughout the deposit)it can be open pitted which is a much more effective, efficient mining method.
One point where I disagree with you, es1, is on fees. No one has gotten fees for a long time. The only fees currently being paid out are going to the SRSR lawyer to advise on the dissident shareholder letter which, in my opinion, is a total waste of time and money. Focus and capital should be going into the ground ,rather than in a ill advised hissy fit.
