Drilling and Quarterly Q

I know you must think that I have run out of questions by now ( lol never stop learning !  )  and I do thank you for your patience but am encouraged by the likes so hopefully others are also getting the value from the quality responses

before that Chartwise looking for a volume break entry and hold of 23 -25 c zone then onwards and upwards of 48c high break entry all going well – we can expect a few cents flop around till then and maybe even a quick tag of CR 18c though looking strong atm with possibly some Sophos who missed out initially accumulating .

I am going to diverge into another area while I can awaiting the start of the campaign and  seeking the accountants and/or people that can read this stuff all clear like in there heads J  ( … debunking another myth/misconception in progress atm )

From Dec 2017  Quarterly report

2632m from  20 holes  all DD

Cost of exploration $1.35M for the quarter

I am suspecting assay costs and maybe some others carried forward into the next quarterly ? would this be a fair assumption ?

Cash at hand $2.7 M  (  after the 20 holes drilled in Nov/Dec 2017 campaign )

Also this includes the r+d rebate of $1.88M  received … so effectively we went down approx. $500,000  from the Oct Quarterly cash at hand of $3.2M

If this is correct ( please advise me if I am missing something with the correct numbers and figures )

Therefore the average cost per hole DD is $67500 ?  ($1.35M  / 20 )

Does this sound close to the mark for those in the know ?  ...  before i go off on a futures tangent

regards Nickel69