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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: DaveAu who wrote (11840)	1/9/2003 8:29:28 PM
From: Montana Wildhack	Read Replies (3) \| Respond to of 14101

Hi Dave, Are you ready? Cash August 31/2002 - 222,000 US Cash raised Nov 01 - 1,250,000 Cdn or about 785,000 US Cash raised Nov 30 - $638,570 - 500,000 = 138,570 US Calculation of cash burn rate: (note the company mentioned about $1.2 million a month Cdn back in Oct I believe) From Aug 31/02 financials in US dollars: Net loss: 2,941 Amortization of patents: 797 Simplest cash burn estimate 2,144 for the Q or 715/month. Cash needed for operations Sept 01 - Jan 01 = 2,860 US Cash during period = 1,146 US Cash apparently not visible for period = 1,714 US Possibilities: Italy Luxembourg (ggg) Austria Finland belt tightening (200k?) How about those leafs. Wolf