Parallel Resources is in the mineral exploration business. Co. has not yet determined whether its properties contain reserves that are economically recoverable. The recoverability of amounts capitalized for mineral property interests is dependent upon the ability of Co. to arrange appropriate financing as needed, the discovery of economically recoverable reserves in its mineral properties, the development of its properties, confirmation of Co.'s interest in the underlying properties, the receipt of necessary permitting and upon future profitable production or proceeds from the disposition thereof.
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