Suprise!
10-Q just showed. -Bob
freeedgar.com
Interesting Balance sheet:
March 31, December 31,
1998 1997
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(Note 2(a))
ASSETS
Current assets
Cash $ 522,000 $ 668,000
Other (Note 4) 588,000 668,000
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Total current assets 1,110,000 1,336,000
Deferred mineral exploration
expenditures (Note 5) 38,178,000 37,891,000
Capital assets (Note 6) 874,000 1,144,000
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Total assets $ 40,162,000 $ 40,371,000
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LIABILITIESCurrent liabilities
Bank loan (Note 7) $ 500,000 $ 500,000
Accounts payable 1,921,000 2,324,000
Debentures (Note 8) 175,000 175,000
Deposits -- 500,000
Vehicle and equipment loans,
current portion (Note 9) 39,000 39,000
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Total current liabilities 2,635,000 3,538,000
Vehicle and equipment loans,
long term portion (Note 9) 101,000 111,000
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Total liabilities 2,736,000 3,649,000
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SHAREHOLDERS' EQUITY
Share capital (Notes 10 and 11) 64,285,000 62,894,000
Deficit (26,859,000) (26,172,000)
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37,426,000 36,722,000
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Total liabilities and shareholders' equity $ 40,162,000 $ 40,371,000
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