RE: Financials are out Keeping in mind they are a porducer that is still loosing money and actually more than the previous year 1/4.
- Consolidated net loss for the three months ending June 30, 2005 of $1,540,910 ($0.004 per share) compared to a net loss of $1,168,348 ($0.003 per share) in the same period in 2004. The net loss for the period ending June 30, 2005 was $2,211,667 ($0.006 per share) compared to a net loss of $1,719,783 for the same period in 2004. The net loss for the six months ending June 30, 2005 included exploration expenses (including both Philippines and China) of $638,084 ($633,101 in 2004), depreciation and accretion of $1,390,163 ($92,324 in 2004) and stock-based compensation expense of $262,730 ($413,875 in 2004).