Re: how far Elmer can go before raising next fund?
posted on
Dec 03, 2013 04:53PM
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%)
Does anyone know what our approximate annual operating costs are? All wages, salaries, travel between Vancouver, Calgary and Arizona, office costs and lease on the 3 office locations. That would help us calculate our burn rate excluding Arizona exploration costs.
Sounds like we have around 8 million with another 4 million coming via tax rebate?
This info would be helpful to estimate how much is left over for exploration and aquisitions after we set aside 4 years worth of operating costs.