Precious Metal Exploration

Focused on exploration and advancement of mineral projects in Peru

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AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

Message: We have an update on the AGM

Re: Bad math

posted on Jun 03, 2009 01:31PM

"These show cash of $176,214 before the April close of the $527,750 financing and $468,890 of exploration expenditures in the quarter."

The way it's worded i see $176,214 as of March 31. this is before the pp and before the expenditures. (+) $176,214 Before raising (+) $527,750 and before counting (-) expenses of $468,890. = $235,074

if we give CEO the benefit of the doubt and assume he is right and George just worded this weird and give drv 176,214 + 527,750 = $703,964.

As of Dec 31 $1,010,090. As of March 31 $176,214. = $833,376 cash burn in 3 months or $277,958 cash burn/month. 703,964 - 277,958 (April) - 277,958 (May) = $148,048.

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