| Balance Sheet: As of Dec. 31 Thou. Canadian Dollars |
2008 |
2007 |
| Assets: |
|
|
| Cash & equiv. |
50 |
486 |
| Short term investment |
400 |
1,930 |
| Reclamation bond |
5 |
|
| Cash held in trust |
|
43 |
| Term deposit |
33 |
|
| Accts. rec., net |
158 |
44 |
| Due from related parties |
|
|
| Prepaid expenses |
8 |
2 |
| Tot. curr assets |
652 |
2,505 |
| Equipment |
107 |
16 |
| Mineral interests |
6,435 |
3,973 |
| Total assets |
7,195 |
6,494 |
| Liabilities: |
|
|
| Notes pay. |
|
|
| Accounts payable and accrued liabilities |
247 |
38 |
| Due to related parties |
|
6 |
| Tot. curr. liabs. |
247 |
44 |
| Future Income Tax Liability |
|
17 |
| Com. stk. n.p. |
9,040 |
7,345 |
| Paid-in cap. |
2,331 |
992 |
| Retained earns. |
(4,422) |
(1,904) |
| Total stockholders' equity |
6,948 |
6,433 |
| Total liabs. |
7,195 |
6,494 |
