I'll give my two-cents worth as my name was mentioned in a few threads.
Some interesting info, but not all of it new. You will have to forgive me as I read through as many posts as I could so that I would not duplicate any thoughts, etc so I cannot give credit, where credit is due for some posters input.
From my searching of NLs website I pieced together some information. One is that these claims have separate entries and expenditures.
Claim 011745M, which was the focus of last years drilling, had a yr "7" expenditures of $391,179.66
Claim 017308M - Yr 1 expenditures of $80,563.48
Seems clear cut to me that these are two separates things. So I agree with Tink's initial assessment. However, I do not agree that this 80K includes all the work stated, such as a drilling program. We already knew they paid for the line cutting, which extended outside the original 011745M claim set, as someone pointed out.
Their form 8K outlined a budget of $35K for line cutting and $100K for the IP survey (total of $135K). And since this grid overlaps with claim 011745 (thus offsetting some of the costs to that claim), then it could be that they completed the IP survey??? But a drilling program is highly unlikely at this cost. So I have to disagree here. Nevertheless, why would they complete the IP survey without any sort of PR? An IP survey could easily be done in the winter on a ski-doo.
In addition, during my search of the 2nd yr work on 011745 (then owed by David Mercer) the drilling by Falconbridge was called out. But the 3rd yr report written by KATX seemed to omit all work after 1976? The funny thing is that the earlier report notes "about 40 km along the Trans Canada Highway, to the west of the town of Badger", when the property is actually ~40 km north (compass north) of Badger. Here is the funny part... the TCH out of St. John's is always WEST, since, even if the road turns a different direction. So if you turn onto the TCH out of Badger toward Springdale, you take the TCH "west", even though you are driving north...
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