quarterly

I have been playing with some figures and have come to the conclusion that the company should have approximately $4.1 million surplus after mining and administration costs-

13weeks x 400 oz x 1350 = 7million
share capital raising =.7million
sale of tenement =.5million
cash on hand =.5million

Total = 8.7million
Less
Estimated prod costs = 4.12million
Estimated admin costs = .458million

Surplus = 4.12million

Leaving $4 million to be allocated for overdue payables, development costs and exploration costs