Ann: Quarterly Cashflow Report, page-3

I Think One Could Safely Assume That There Is Major Cash Burn Taking Place ATM

End of 1/4 with $1,000,000 left in bank
Final $500,000 from $4mill @ 16% to be received Jan 31st from JHY
Excluding Exploration and Evaluation from estimated cash outflows for the quarter, that would be $8,423,000
$8,423.000 / 90 days = $93,588 per day
Assuming and adding the hopeful $3 mill placement, that would still leave millions in shortfall for the quarter. 
Ok I nearly forgot to add the sales revenue from their 2,578 kg,  my guess is around the $21,000 thousand mark

"IF" "IF" "IF" they were able to produce their minimum target figure of 275,000 Kg's for the quarter, they would require $30 per Kg in sales just to break even.

IMO ATM, Summing Up In One Word:
SCREWED