Monday, June 11, 2012 2:24:28 PM
We have no proven reserves at any of our properties. We only have indicated and inferred, along with assay samples at South Mountain; and assay samples at some of our other exploration properties.
We will likely need to raise additional capital to continue our operations, and if we fail to obtain the capital necessary to fund our operations, we will be unable to continue our exploration efforts and may have to cease operations.
At December 31, 2011, we had current assets of $111,755.
The claim maintenance fees and assessment for these claims is financed by the Company through sales of unregistered common stock.
No revenues now or in the future - dilution ahead - this is being removed from my watch list.
Recent THMG News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/16/2024 05:41:49 PM
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