RE: Wassup with this???? From International Energy and Mineral Resources Investment (Hong Kong) Company Limited's October 31, 2011, audited financials (and that's almost a 31-per-cent overbilling)
As at October 25, 2011, Mosquito charged a total amount of US$3,699,584 ($3,664,445) to the Company for the exploration works performed. On October 25, 2011, the Company and Mosquito signed a settlement agreement regarding the exploration work performed by Mosquito. As at October 25, 2011, the Company already paid for a total of US$1,683,662 ($1,682,190). Both parties are agreeable to a settlement of the remainder of the invoiced amount for the amount of US$863,739 ($849,314) (paid subsequent to year end).
Cost recovery $1,132,941.