[quote name='Ou7shined' post='941615' date='Sep 1 2010, 12:14 AM']Yep but you have to have a drill press to do it. No matter how skilled you might be the holes will look sh*t when they come through the other side if you do it freehand.[/quote]
+1
Drill press essential. I did a Squier Bronco and attached the bridge, drilled through the small hole all the way using the holes in the bridge as a guide, then took off the bridge, flipped it round and then centred the big drill bit on the small holes and drilled the recesses for the ferrules.
A tip from the voice of bitter experience - make sure you drill down far enough for the recesses, it's devilishily difficult to get the big bit back into an existing hole exactly if you need to go back. Measure the ferrule, mark the drill bit with tape at the appropriate depth, or use the depth gauge on the drill press if it's good enough. No problem if you go a bit deeper, but don't end up shallow!
I'm guessing that your friend won't need told this though.