AVAILABLE-FOR-SALE SECURITIES

9 Months Ended

Apr. 30, 2013

AVAILABLE-FOR-SALE SECURITIES [Text Block]

NOTE 3: AVAILABLE-FOR-SALE SECURITIES

Available-for-sale securities consist of shares in publicly-traded uranium exploration companies listed on the TSX Venture Exchange and Australian Stock Exchange. During the three and nine months ended April 30, 2013, the Company recorded an unrealized loss of $234 and $4,393 (three and nine months ended April 30, 2012: $982 and $15,167), respectively, in accumulated other comprehensive loss relating to available-for-sale securities.

At April 30, 2013, the fair value of the Company’s available-for-sale securities is as follows:

		Quoted Prices in			Significant			Significant
		Active Markets for			Other Observable			Unobservable
		Identical Assets			Inputs			Inputs
		(Level 1	)		(Level 2	)		(Level 3	)
Available-for-Sale Securities
Strategic Resources Inc.	$	3,871		$	-		$	-
Kaboko Mining Limited		33,709			-			-
	$	37,580		$	-		$	-

At July 31, 2012, the fair value of the Company’s available-for-sale securities is as follows:

		Quoted Prices in			Significant			Significant
		Active Markets for			Other Observable			Unobservable
		Identical Assets			Inputs			Inputs
		(Level 1	)		(Level 2	)		(Level 3	)
Available-for-Sale Securities
Strategic Resources Inc.	$	7,777		$	-		$	-
Kaboko Mining Limited		34,196			-			-
	$	41,973		$	-		$	-