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Re: moojer post# 133980

Tuesday, 08/13/2013 3:49:03 PM

Tuesday, August 13, 2013 3:49:03 PM

Post# of 165856
THere were two LOI's and the cash received for the exclusivity appears in the financials.

As far as audits and uplisting

We have been over this repeatedly in the past. The economic conditions in mining changed and it no longer made sense to uplist or audit and continue to face the reoccurring costs of those processes in a difficult environment for financing.

This is the most difficult mining environment since the Great Depression and Scott correctly decided to conserve cash and limit expenses. So audits and uplist were put on hold.

Once financing is secured that will be addressed.

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