Plato Gold Corporation PGCV Balance Sheet Analysis Rating 10 ShortTerm Liquidity Quadrant Rating Sep09 Dec09 Mar10 Jun10 Sep10 Working Capital 00 04 04 03 04 Cash Flow Ops Q in mil 01 02 01 01 01 Cash Flow Ops Ann Qs in mil 04 07 04 06 03 Quadrant Rating 30 10 10 10 10 Addition to Quadrant Rating Add 00 VE Working Capital mil VE ShortTerm Liquidity Rating 10 Debt to Equity Sep09 Dec09 Mar10 Jun10 Sep10 Equity Common Stock Equity 38 41 42 43 42 Total Equity 38 41 42 43 42 Debt and Equivalents Pref Securities of Sub Trust Pref Equity Outside Stock Equity Preferred Stock Equity Minority Interest Bal Sheet ShortTerm Debt LongTerm Debt Capital Lease Obligations Total Debt and Equivalents Debt to Equity 000 000 000 000 000 Debt to Equity Rating NA Low Risk High Risk Debt to Equity Rating NA Interest Coverage Sep09 Dec09 Mar10 Jun10 Sep10 EBIT Quarterly 01 03 01 02 01 TTM 06 07 07 08 08 Interest Expense Quarterly 00 00 00 00 00 TTM 00 00 00 00 00 Interest Coverage Quarterly NA NA NA NA NA TTM NA NA NA NA NA Interest Coverage Rating Qtrly Interest Coverage Rating Quarterly TTM Interest Coverage Rating TTM Interest Coverage Rating NA This Companys cash flow is considered NOT SEASONAL therefore this report uses the last quarters cash flow multiplied by 4 as a proxy for annual cash flow V E VE NA Debt to Equity C a sh F l ow mil Our methodology accounts for the nearness to improving or worsening a Companys quadrant ranking based on current cash generationburn rate and working capital position The Companys working capital situtation is URGENT and they are generating negative cash flow At the current cash burn rate the Company will double their working capital deficit in 19 months 9Sep 9Dec 10Mar 10Jun 10Sep 09 07 05 03 01 01 03 1 1 0 0 0 0 0 0 Quadrant 1 OPTIMAL Quadrant 3 RECOVERING Quadrant 2 DRAWING DOWN Quadrant 4 URGENT 000 050 100 150 200 250 300 350 400 Number of Companies Utilities Telecom Materials Info Tech Industrials Health Care Energy Cons Staples Cons Disc PGCV 00 x 01 x 02 x 03 x 04 x 05 x 06 x 07 x 08 x 09 x 10 x Sep 09 Dec 09 Mar 10 Jun 10 Sep 10 Interest Coverage in v est or SC ORE car d