Financial Statements Show Dire Straits As expected, the auditors included an "Emphasis of Matter" in its letter to shareholders indicating "significant doubt about the Company’s ability to continue as a going concern."
Notable changes from the previous year end are that the company has devalued or written down its assets (essentially, the Bear claims and the Raven titles - the company's share of the Comox Joint Venture).
Its accumulated deficit is almost $20 million: "The Company has an accumulated deficit of $19,578,000 as at December 31, 2014 (2013 - $9,043,000) and incurred an operating loss of $10,535,000 for the year ended December 31, 2014 (2013 - $2,114,000)."