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%)

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Message: Re: Some Math
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Jun 24, 2013 11:39PM
2
Jun 25, 2013 11:25AM

"And according to the latest news release, Copper Fox has about $4 million in cash. So we are good for a lot longer than end of the month."

Since we don't have much to talk about, let's talk "math"! To detail the above further:

As at end of Q2, cuu has $0.5 M in cash and $4.5 M in receivables for a total of $5 M. On the current liability side they have $1 M in payables and $2 M in shareholder's loan. In short they have a total of $5 M in cash and receivables which can be turned into cash and $1 M in payable that need to be paid out; for a net of $4 M cash and equivalent, assuming the repayment of the shareholder's loan can be deferred or converted to shares Their burn rate is about $650 K a quarter so at that rate the $4 M can last them a year and half.

There is also tons of outstanding warrants that are currently out of money and if the sp picks up, some of these will be in the money and likely will be exercised and cuu would have additional funds. I would say cuu's balance sheet looks OK and no cash injection is needed for now. JMO

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