Main_vein,
I followed our suggestion to re-read the NR and when I looked at the numbers, something tweaked my interest.
Total exploration expenditures for the SVBN claims are $23,000,000 for 549.5 km2.
Two claims are segregated:
39.5 km2 Donner / Northern Abitibi with a $5,000,000 budget
35.5 km2 Donner / Major General with a $4,000,000 budget
This leaves a budget of $14,000,000 for 474.5 km2 or $29.50 / km2.
The $5,000,000 for Donner/NA work out to $126.58 / km2 while the $4,000,000 for Donner/MG amount to $112.68 / km2
This now raises the question whether these 2 properties are considered "better" or were the owners simply able to cut a better deal by holding back and not joining the SVBN group?
Any thoughts? |
