My own calculations from the October Financing 

This 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

Trans-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