why the price hike?, page-7

I see the following figures:

6,400 oz from Eng' Project and another 1,400 oz from Torr' Project = Total 8,200 ozs of gold produced

Therefore 8,200 ozs x spot Gold Price of say $1,290 = $10,578,000.00

say Cash costs as Co puts it at say $800/oz
Then 8,200 ozs x $800 = $6,560,000.00

Thus $10,578,000.00 less $6,560,000.00 =

$ 4,018,000.00

(ps: I didn't work out the tax payable as that varies with credits etc etc etc)