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retireearly

11/03/11 3:33 PM

#20254 RE: EquityTrader #20253

that would be a nice add...anytime I have extra funds, I try and add as this is a long for me.

lmcat

11/03/11 3:35 PM

#20255 RE: EquityTrader #20253

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.