johnny0,
Back at the October 2014 shareholder meeting the company was asked what its monthly burn rate was (for Dun Glen, United Milling, and URHG com pay salaries, overhead, monthly debt payment etc). They said publicly it was around $80,000 a month. That would be $960,000 a year.
At that time they were paying rent for United Milling but not producing anything there. Last month they announced that for the first time United Milling would not be losing any money, but instead, beginning in June 2015, would be profitable each month for the rest of the year. They didn't say by how much, and it may turn out to be only a couple of thousand a month, but at least it would not be losing money.
Also, I asked some people what figure they were using for the price of gold when they projected earnings at these meetings. I was told they were trying to be conservative and used a figure of $1000/ounce for their calculations. (I can't verify this, just telling you what I heard).
Finally, the FB posting is about Dun Glen only. At shareholder meetings they have discussed their hope that when the National Mine opens, it will be successful and its ore can be processed by United Milling. If/when that happens, it is expected that United Milling would then become a large profit center for URHG. URHG stock value would then be based upon a combination of Dun Glen and United Milling. (I know nothing about the current status of the National Mine project).
I do not know how much their costs etc have changed since the new management has taken over URHG (other than the United Milling PR mentioned above), and they may not be significant considering the O/S you mention, but the information above might be useful data points for your calculations.
- TTH
