Think that brief news clip saying loss was bigger for BQI could at first glance look worse until you find out what expenses they had.They're talking about $70 M more spent this year on exploration than last year. So, doesn't sound like they were wasting the money....
Exploration costs for the year ended April 30, 2008 were $96,419,694 (2007 - $26,877,906). Exploration costs in the current year relate to drilling, seismic and environmental work done on our Saskatchewan and Alberta permits. Approximately $27 million was spent on seismic programs and the balance of costs relates to exploration and related environmental monitoring activity of which approximately 75% was spent in Saskatchewan and 25% was spent in Alberta.
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