RE: just when thingsAs you can see from the MD&A report on Bonapart (below) the Bonapart is not ready to bust open. A mine cave in is imminent.
Today, we have been reporting facts. Your statement falls outside that practice. Just read this...
The Company has acquired an additional 15% interest in the Bonaparte Mine Property located approximately 35 km north of Kamloops, British Columbia. On January 4, 2010, the Company paid $5,000,000 cash and on February 26, 2010, the issued 7,500,000 shares with a deemed value of $1,200,000.
The drill program has continued. The Company spent $751,684 on drilling and $601,447 on field work and miscellaneous with consulting and geological & analysis expense of $65,040 and $73,900 respectively. In May, an initial shipment of 364.61 short tons assayed at 0.475 ounces per ton was processed yielding 161.95 troy ounces of gold at a recovery rate of 93.51%. The Company received from Kinross (after all processing costs) a total net payment of $149,358 CDN and equivalent to $145,784 US. In accordance with AcG11 and EIC 27, the Company received income in the amount of $149,358 that was used to offset the drilling expenses. The Company remains under the development stage.