Post by
KozmoT on May 29, 2024 11:59am
Here is a clue why there is no exploration to be done here
Financial statements out yesterday ...
Total Current Assets ... $ 2,228 (not a typo)
Total Current Liabilities ... $108,852
Exploration Costs for the period ... $2,618
But the worse part ? The property is in default !!!! No money, no property ... dead company.
"For any given one-year lease period, the Company may pay Ellers US$25,000 in lieu of incurring the required expenditures. (As of March 31, 2024, the Company had not incurred the Property expenditures for the periods ended May 31, 2021, 2022 and 2023, and had not made the $25,000 payments in lieu.)"