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Re: imgoingfishing1 post# 1998

Sunday, 03/24/2013 11:13:58 AM

Sunday, March 24, 2013 11:13:58 AM

Post# of 4164
I'm referring to the balance sheet and you're referring to the cash flow statement and income statement. However,

"I just dont see where they have cash avaailable? If they do can you point it out?"

Look again. The "cash" available is listed on the right hand side the "cash" line item that you copied and pasted. Go through each line and you'll see it.

Cash $1,148

Also,

Capitalized investment, mining $13,174,727

This indicates they spent a lot of money to go into production. Of the $15 million they raised, $13.2 million was used for that purpose, according to the filing.