cash at 31/3/2011 $10,700,000estimated cash outflow for June...

cash at 31/3/2011 $10,700,000
estimated cash outflow for June quarter ($4,090,000)
money from options $48,200
Revenue from aluminium operation $1,402,500 (66% of $8.5m p.a.)

cash at 30/6/2011 $8,060,700 + $753,000 (estimated production cost) = $8,813,700
if including 250,000 exercised options today = $8,863,700


then in September quarter MHM should be able to make near $8.5m p.a. figure, that's $2,125,000

estimated cash outflow for September quarter say approximately $1m for exploration & admin and $1m for development

so estimated cash at end of September quarter = $8,988,700
IMO