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NOTE 4. INVESTMENT IN DONLIN GOLD | 12 Months Ended
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Nov. 30, 2015
Schedule of Investments [Abstract] |
NOTE 4. INVESTMENT IN DONLIN GOLD | The Donlin Gold project is owned by Donlin Gold LLC, a limited liability company in which Barrick and the Company each own a 50% interest. Donlin Gold LLC has a board of four directors, with two directors selected by Barrick and two directors selected by the Company. All significant decisions related to Donlin Gold LLC require the approval of Barrick and the Company. Changes in the Company's investment in Donlin Gold LLC are summarized as follows:
|  | Years ended November 30, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Balance – beginning of period |  | $ | 1,618 |  |  | $ | 1,720 |  |  | $ | 4,185 |
Share of losses |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenditures |  |  | (10,845 | ) |  |  | (13,811 | ) |  |  | (14,412 | )
Depreciation |  |  | (171 | ) |  |  | (174 | ) |  |  | (208 | )
|  |  | (11,016 | ) |  |  | (13,985 | ) |  |  | (14,620 | )
Funding |  |  | 10,456 |  |  |  | 13,883 |  |  |  | 12,155 |
Balance – end of period |  | $ | 1,058 |  |  | $ | 1,618 |  |  | $ | 1,720 |
The following amounts represent the Company's 50% share of the assets and liabilities of Donlin Gold LLC. Donlin Gold LLC has capitalized as Mineral property the initial contribution of the Donlin Gold property with a carrying value of $64,000 resulting in a higher carrying value of the Mineral property than the Company.
|  | At November 30, |
|  | 2015 |  |  | 2014 |
Current assets: Cash, prepaid expenses and other receivables |  | $ | 1,762 |  |  | $ | 2,294 |
Non-current assets: Property and equipment |  |  | 232 |  |  |  | 403 |
Non-current assets: Mineral property |  |  | 32,692 |  |  |  | 32,692 |
Current liabilities: Accounts payable and accrued liabilities |  |  | (936 | ) |  |  | (1,079 | )
Non-current liabilities: Reclamation obligation |  |  | (692 | ) |  |  | (692 | )
Net assets |  | $ | 33,058 |  |  | $ | 33,618 |

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