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
I have been playing with some figures and have come to the...
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