RE: RE: No wonder drills aren't turning You might want to learn to read all of the details. The page you reference (20) is for the reconciliation of Canadian GAAP to IFRS for 9 months ending 7/31/11. This is required because IFRS is being adopted in the fiscal year ending 10/31/12, and the financials are comparing fiscal years 2012 and 2011. The narrative for IFRS starts on page 17 of the aforementioned financials for those of you that may be interested.
Quarterly expenses have been halved comparing 3 months ending 7/31/12 to 7/31/11, and YTD trends appear to confirm that. Those would be on page 3, which no doubt you had to pass before you reached page 20.
I know we're all interested in the truth.
Right?