Yes, but that's only employee running costs. There are mocap costs which are speclated to be around 60M. So that alone could mean that in reality CIG is quite short on cash ATM.
I don't think it's unfair to double the costs of the UK operation as a generously low estimate of the total running costs, then you add in the mocap and artist fees which will have been significant for a 3 film deal with such long scripts ....
The numbers seem really really ugly to me. Then you watch the funding graph and it back bumbling along at the grand an hour level and it looks like someone's trained a horse to within sight of winning the grand national, only they've had it on starvation rations most of the time while the food's gone to the jockey and now he's fat and the horse is stumbling to a halt
I was in "can't really be that bad" territory until the cash-only sales.