AVAILABLE-FOR-SALE SECURITIES

3 Months Ended

Oct. 31, 2012

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 and Australian Stock Exchanges. During the three months ended October 31, 2012 and 2011, the Company recorded an unrealized loss of $481 and $14,453, respectively, in accumulated other comprehensive loss relating to available-for-sale securities.

At October 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.	$	7,808		$	-		$	-
Kaboko Mining Limited		33,684			-			-
	$	41,492		$	-		$	-

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		$	-		$	-