A couple of things about your analysis. You identify "Wages and benefits 462,799" as "salaries for executives". They seem to be salaries and benefits for all staff which would include secretarial and the staff that is not contracted. Additionally, in a company like this you cannot assume that "executives" do not have a hand in exploration. I'm sure that Ken and Tim spend considerable time in the field, not behinds desks. Exploration would of necessity involve more than just being on the ground looking for minerals. Analyzing, networking, studying, local travel, etc. would be examples. This must consume a good amount of their time and is not what is traditionally considered executive tasks. So you probably should pare the "salaries for execs" and add it to the daily operations of exploring. How much? Who knows.
Good to see the promo line item. While some might be related to typical advertising for the company, yes some portion of it served to create awareness of KATX and who knows maybe the investor awareness efforts from the past may have laid a foundation for the CFSG to build on. I'd assume it is not a one time expense and a loss.
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