Sinchao Metals reports that for year ended March 31, 2012, it has recorded a net loss US$6,171,449 or US$0.08 per share compared to a net loss of US$12,194,546 or US$0.16 per share for the same period in 2011. This was mainly due to a write-off of exploration properties of US$5,050,619 and US$11,465,806 for the years ended March 31, 2012 and March 31, 2011 respectively. Sinchao ended the quarter with a cash position
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