TSXV:CLAS.H - Post by User
Comment by
jts115on Feb 07, 2013 2:56pm
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Post# 20954115
RE: RE: SMQ and Brownstone
RE: RE: SMQ and Brownstone https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003819
Brownstone's reserve report was filed in SEDAR on october 26
I think liquidity is a concern for both of these companies but the positive is that there is no debt on the balance sheet of either company and the reserve report solidifies some value. The next step is drilling development wells that will generate cash flow from the reserves, these wells should be cheaper than the 14 million it costs for an exploration well and testing.