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Gold/Mining/Energy : Cross Lake Minerals CRN

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To: the Chief who wrote (1473)1/30/1998 7:49:00 PM
From: Buckey   of 3650
 
My xepertise is limited in answering these questions. Except _ when it comes to drilling pipe also know as casing or tubulars. This stuff is very expensive and can vary in price dramatically based on quality.
I recently had a conversation with wher it was discussed that some, not all, of the junior mining companies and their drilling contractors will use cheaper casing which may end up being uneconomic in the long run because it takes longer.

These guys use PP money to fund drilling - not deep corporate treasuries like the Shell Oil's of the world.

I am by no means making any commentary on CRN and have no idea how long 275 M would take. The answer is as varied as the conditions
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