Re: Xstate and Elle question?

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skys

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Re: Xstate and Elle question?

in response to

Xstate and Elle question?

geoglow

posted on Jul 08, 2008 03:55PM

geo,

On the Xstate /Elle deal,

On LBSU's last 10Q(filed6/16) it shows they are burning about 600K in the 1/31 to 4/30 quarter, and still had $1,430,000 left in assets which has to be mostly cash as they are not purchasing anything. Just paying as they go for drilling & assaying. At that rate they should make it into the Nov./Jan. quarter.

I would think if they couldn't hit anything by then they might consider it a no go.

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