I posted at least $200,000 but it could easily be double or triple that amount. The question is - where is SUGO going to get the money to pay for this testing.
My starter program cost estimate would be a small portion of their 43-101 proposal. I was just throwing out a guess so don't put to much into my numbers. I would be interested in pulling the NOI that they submitted to the BLM as that would have the total number of holes and approximate depths along with locations.
Winter and cold is not a problem for drilling. They don't get any significant amount of snow there since they are in the rain shadow of the Sierra Mtns. But drilling in the winter does increase cost as everything just takes a bit longer and there are more issues. Having gone through a winter in Montana CM would be a piece of cake.
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