April 21, 2023
Posted by Rod McCoremick
When we launched the DiscovOre Prime, we took the DiscovOre core barrel system and streamlined its design to make it even faster. We kept the same safety features, and we even made it lighter so it would be easier to handle. This is a premium product for drilling companies who are focused on performance. The investment in the Prime will bring higher production so that the Prime will pay for itself very quickly. But how quickly?
This is a question our sales and technical teams have been asked a lot since the launch, and the easy answer is that payback is as fast as the Prime itself. Instead of taking our word for it, we developed the Payback Calculator. This great little online tool helps you estimate how quickly you can achieve a return on your investment, based on the specifics of your drilling operation.
The DiscovOre Prime payback calculator allows you to estimate how quickly you can recover your investment through improved operations. To use the tool, you simply input basic parameters into the fields that are highlighted in yellow. You can create specific scenarios according to specific programs or sites. The parameters include things like the minimum and maximum number of days your drills are running, the minimum and maximum number of meters drilled per shift, the average price per meter charged to your clients, and more.
We recommend that you complete the fields for a best-case and a worst-case scenario so that you end up with a range that is realistic and takes into account variability in your operations. Feedback from the field shows that payback can be achieved in as little as two days, but this calculator enables you to finetune the calculations based on your situation. Of course, you should keep in mind that the payback period is only an estimate based on your input and should not be seen as a guarantee.
The payback calculator is our most recent example of how we’re accelerating the transformation of our industry. The online tool is really easy to use but if you have any questions, do not hesitate to reach out to our technical team or your local sales representative. They will be happy to answer questions or help guide you. Our goal is to help you outsmart drilling challenges.