Re: financials

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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hoghead

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Re: financials

in response to

Re: financials

Linsickel

posted on Mar 02, 2015 11:05AM

Am I reading this correctly. We only have 6.3mil (this was in October too) and this already includes the 4.4mil we will be recieving from BCMETC? Along with that our burn is approx 1.42mil/year? I guess that is 4 years without additional expendatures, but seems we don't have too much left.

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Since October we bought 2 more tranches in Carmax and I'm not sure if the RE for VD was paid for at that time. Maybe they are not significant costs. It would be interesting to know how much cash is on hand currently, while we wait for the 3.3 million refund coming soon.