Content analysis
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H.S. junior Avg
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Financial report summary
?Management Discussion
- We have not generated any revenues since inception.
- Operating expenses for the three months ended May 31, 2013 totaled $450 as compared to $30,550 for the three months ended May 31, 2012. Professional fees decreased period over period from $11,370 in 2012 to $Nil in 2013 as a result of the Company limiting operations. General and administrative expenses were substantially decreased from $9,180 in the three months ended May 31, 2012 to $450 in the comparable period in 2013 as we did not have the capital to carry out any work on our mineral assets. During the three months ended May 31, 2012 we recorded impairment to our mineral property of $10,000 with no similar expense in the current three months ended May 31, 2013.
- Operating expenses for the nine months ended May 31, 2013 totaled $166,399 as compared to $300,826 for the nine months ended May 31, 2012. Professional fees decreased period over period from $31,610 in 2012 to $Nil in 2013 as a result of the Company limiting operations. During the nine months ended May 31, 2012 we recorded impairment of mineral rights of $243,202 as compared to no impairment recorded in the comparable period for 2013. General and administrative expenses were substantially decreased from $26,014 in the nine months ended May 31, 2012 to $1,399 in the comparable period in 2013 as we did not have the capital to carry out any work on our mineral assets. During the nine months ended May 31, 2013, we issued stock-based compensation valued at $165,000 as compared to no issuance of stock-based compensation for the nine months ended May 31, 2012.