Ann: Quarterly Activities and Cashflow Report, page-2

9.7mil still to pay on Gc21, which leaves us about 8.3 Mil assuming the underwritten for retail entitlement. Less Beluga cost end of year (if it goes ahead). Back of napkin Roughly 2.5mil to come (less admin and loan expenses) for this QTR .... should have us sitting at 10.8mil approx at the end of June .... Looking pretty safe as long as the underwriting comes through. Then we should start to see some life from GC21 etc etc ... could be back up around 15mil-20mil cash holding (or a blend w debt paydown etc) by end of year.

Check my approximates
DYOR (it was a quick back of napkin look)