My own calculations from the October Financing
The Flow thru share money must be spent before the end of 2012.
Red Lake Area ........ - Rahill- Bonanza............................ .... $3,600,000
. - East Bay Project.......................... .........$500.000
Trans-Canada - Hardrock Project ..............................$11,350,000
. - Key Lake Project ............................. $500,000
. - Brookbank ....................................... $ 750,000
Non- Flow thru share money
Nevada Projects. ( Saddle, Blue Sage, & Humbolt ) ..... ... $ 5,000 000
Balance of the October funding
Gereral Corporate and working capitol....................... ..... $ 4,175,000
Total OCTOBER FUNDS FOR 2012 ......$28,650,000
Now lets add in 2012's February Financing
Purpose $ Allocatied from Non-Flow thru Proceeds
Rahill-Bonanza Project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,500,000
Hardrock Project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 16,800,000
Saddle Project . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . $ 19,300,000
Repayment of a Portion of Long-Term Debt. . . . . . . . . . . . . . ....... $ 3,380,000
General Corporate and Working Capital. . . . . . . .. . . . . . . . . . ..... $ 1,782,500
IMHO New Total Budget Figures from both financings ( Oct & Feb )
Red Lake Area ........ - Rahill- Bonanza................................ $11,100,000
. - East Bay Project.....................................$500.000
. ns-Canada - Hardrock Project ..............................$28,150,000
. - Key Lake Project ............................. $500,000
. - Brookbank .......................................... $ 750,000
Nevada Projects. ( Saddle, Blue Sage, & Humbolt ) ....... ...... 24,300 000
General Corporate and Working Capital. . . . . . . .. . . . . . . . .$ 5,957,500
Repayment of a Portion of Long-Term Debt. . . . . . . . . . . . . . $ 3,380,000
This Total ( Does ot include any Feb Over Allotment ). $74,637,500
MY CONCLUSION
I see a lot of money is now budgeted for
1..- Hardrock Project
2...- Nevada Projects
3.. Rahill- Bonanza Project
