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Re: None

Saturday, 01/24/2015 2:01:52 PM

Saturday, January 24, 2015 2:01:52 PM

Post# of 91121
Bobo said Pan Am wasn't getting much money

Note 6. Related Party Transactions, page F-16
24. In fiscal year 2012, you paid $4.56 million production cost to Pan American Mineral Ventures, S.A. DE C.V. In fiscal year 2013, you paid $4.06 million production cost to GEO Iron Resource S.A. Please expand your disclosure to describe the nature of the production cost and in which financial statement line item you recorded such cost.

http://www.sec.gov/Archives/edgar/data/1569389/000000000013065275/filename1.pdf