Precious Metal Exploration

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Message: SEDAR showing 2008 Consolidated Financial statements

SEDAR showing 2008 Consolidated Financial statements

posted on Apr 30, 2009 12:59PM

As of December 31 2008, DRV had about $1.1 million of current assets, but $642 k of current liabilities. This obviously doesn't show the recent $525 PP, but it really still looks tight.

In 2008, it looks like they blew through $7 million in cash (page 8).

They also have a contingent liability from a former officer of the company claiming wrongful termination.

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