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Then EE better be prepared to put more money into CF, 4.5 mil credit wouldn't last that long considering we have two other concerns going forward. Not sure when we are going to sell VD and we have Eaglehead that needs work.bills will be adding up. That 20 mil sure would've look good in the bank now. I sure hope Elmer wasn't short sighted when he purchased the other properties. Don't understand why Teck would not bring in one of their other partners and come to some mutual agreement with EE on the final sale price, who actual knows what's going on.

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We actually just glazed over this (burn rate/money in the bank)

From this post, which is mostly quoted from the news release.

http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/636527-financials/messages/1997213#message

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"Liquidity and Capital Resources

At October 31, 2014, the Company had working capital of $6,302,000 and a deficit of $17,028,782 and had a comprehensive loss of $912,959 for the year ended October 31, 2014.

Fixed costs to maintain operations, pay taxes and upkeep on the Arizona properties are approximately $220,000 per annum, this includes an annual payment to Silver Nickel for Sombrero Butte of approximately $147,000 CDN. Corporate and general costs have been approximately $1,200,000 in 2013 and 2014.

As at October 31, 2014, the Company's cash and cash equivalents were $1.6 million. The balance of the working capital includes the BCMETC due in the amount of $4.4 million. Of the $4.4 million, 3.5 million is expected to be received soon. The Company has access to sufficient funds to meet its current overhead requirements."

Anyone? Deficit?

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From this the burn rate is around 1.5mil (1.2mil + 0.22mil), so if we do only h ave 4.5mil we should be allowed to get through ~3 years without doing any cost cutting even. EE won't need to toss money at us for a few years at least, unless we decide to spend and IMO if we do that we must be close to a deal or we really have become "drunken sailors".

So I guess it depends on your view of "long", but I would say 3 years of funding already in the bank is a really long time as the current enviroment is horrible for juniours and some literally have no money. Please correct me if I have interreperated anything wrong.