Well the average price of gold that GCY sold was for 1714, this...

Well the average price of gold that GCY sold was for 1714, this is significant less than the current gold price of 1800+ 

Also note that they said they sold another 3700oz for about 6.7million in January.

So total cash 22m + 12m loan = 34 million available as of 31st Jan. 

They are expecting cash outflows for 43m basically another quarter they will survive unless grades improve and  the amount ore is being produced. 

December quarter the company outflows were 33m approx far less than there 45m expected. 
I think we will have the same for this quarter. 

my estimate is about 18-20k of gold produced this quarter. 

DYOR