Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

Free
Message: burn rate?

"Anyone know approximately what the burn rate is of CUU?"

If you look at the news; they say they incurred a net loss of $514K during the quarter. That's pretty much their burn rate per quarter or $171K or so a month for the office and staff. The other major expenditures are all "qualified expenditures" for SC which are recoverable from Tech if they decide to back in. Looks like this would be minimal from now on, unless...The other expense they have is the expense to complete the FS and any legal fees to wrap up the negotiations. So I would think the $4.48M would be plenty. They would also have a bunch money from options if the deal is done. All those outstanding options would be in the moeny for sure and would be exercised. Vette has been keeping a close tab on those and the ones that EE just got from the PP.

Share
New Message
Please login to post a reply