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Re: EarnestDD post# 157777

Monday, 09/23/2013 9:39:07 PM

Monday, September 23, 2013 9:39:07 PM

Post# of 167964
The $15 Million in assets for BGL is comprised mostly of capitalized development costs. ie. Accounting fees, legal fees, concession taxes, drilling and other geology costs.
While these capitalized costs can be amortized over time....they are not assets that can be sold. the total capitalized costs are $13,879,087 at 11/30/11.
I don't know if this "fully reporting" company has issued a financial statement since that time.
I do see the reference to the Cinco Minas project in Note 4. Is there any updated Note about legal proceedings regarding SRGE and MSJ?