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Re: EquityTrader post# 20253

Thursday, 11/03/2011 3:35:50 PM

Thursday, November 03, 2011 3:35:50 PM

Post# of 60120
SUGO probably has the exploration permit but needs to hire a company to do the surveying, create the grids and select the exact location of the test drills. That could take a couple of weeks. Then they need to get the drill rig into the area and drill the cores.
The cores will then be taken to their lab and the assay reports will follow.
I'm guessing they need at least $200,000 for this operation because it is in such a remote wilderness area. Whole process should take about 4-6 weeks.

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