Replies to post #1313 on Tresoro Mining Corp. (fka TSOR)

[mildtrans]

Here's why is going down (dilution to raise capital):
Liquidity and Capital Resources

As at the nine months ended November 30, 2010, our current assets were $227,429 (2009 - $23,034) and our current liabilities were $414,416 (2009 - $1,121,042), which resulted in a working capital deficit of $186,987 compared to a working capital deficit of $1,098,008 in 2009.

As discussed above under "Plan of Operations", we estimate that we will require approximately $1,000,000 to pursue our plan of operations over the next twelve months if we complete Phase I only, but approximately $2,000,000 over the next twelve months if we also proceed to Phase II. We intend to apply the net proceeds of our recent $2,050,000 private placement to fund the Phase I and II programs, but we may require additional financing within the next twelve months.

Total Stockholders' equity (deficiency) increased from ($998,008) for the nine months ended November 30, 2009 to $5,018,280 for the nine months ended November 30, 2010.