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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Burn Rate
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Burn Rate

posted on Dec 30, 2009 11:53AM

Whaler, some time ago you asked about the burn rate. If I read the financials correctly during 09 Current Assets went from 31.7m to 24.8m. A decrease of $6,900,000. G&A during the year was 4.2m and the amount spent on Mineral Properties was 8.8m, for a total expenditures of $13,000,000.

Spent 13 and only decreased Current Assets by 6.9. Probably due to use of stock as compensation for services plus investment income.

Wild

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