RE:RE:RE:RE:RE:RE: fool the company is free and clear
As at
December 31, 2014 June 30, 2014
ASSETS
Current assets
Cash (note 6)
$ 776,529 $
1,665,900
Term deposit (note 7)
20,192 10,142
Accounts receivable (note 8)
29,498 143,898
Prepaid expenses
92,579 63,855
918,798 1,883,795
Non-current assets
Investments (note 9)
- 42,749
Reclamation deposit (note 10)
11,627 10,661
Mineral property, plant and equipment (note 11)
5,166,645 5,141,625
5,178,272 5,195,035
TOTAL ASSETS
$ 6,097,070 $
As of December 31, 2014 non-current assets were about 5.2m of which 2.8m are allotted to the property acquisition. Thus the break up value should be something around 2.5m in the end I guess. Thus the share price now still is far too low.
7,078,830