Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Third Quarter Results

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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Third Quarter Results - MD & A

posted on Sep 29, 2015 05:20PM

From the MD& A doc on Sedar:

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Capital Resources:
As of July 31, 2015, and as of the date of this MD&A, the Company had $2,445,671 and $1,412,018, respectively, in cash.

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What did they spend over a million on in the last 2 months?!?

Currently 1.4 million left, with a 1.4 million/year burn rate - so yes, we have enough for another year if we do not do any more work, just care and maintenance or am I reading this wrong?

A million is a lot to dissapear in 2 months with no explaination that I could find. Could they have shuffled expenses past July 31st to make the financials look better and hope nobody looks closely at the MD&A?