IPO - Tao Commodities Ltd, page-197

Thanks pops. Just like DKO had the tenement next to PLS and had the next mother load, anyone remember how that went? didn't think so



These tenements are exhausted, hence why the exploration spend in year 1 and 2 is so little. They've been drilled since the early 1900's


In the first two years the company intends on spending approximately $2 million on exploration. Straws you ain't a dummy....






Nearly as much spent on working capital as exploring.........


Once you add in admin and promotion its more spent on just running the company than the exploration and adding value



To me that's a big red flag.........my boy