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%)

Free
Message: Re: Question for the board
13
Apr 02, 2016 04:18PM
4
Apr 02, 2016 04:51PM
5
Apr 02, 2016 05:01PM
4
Apr 02, 2016 05:12PM
10
Apr 02, 2016 05:55PM
8
Apr 02, 2016 06:05PM
8
Apr 02, 2016 06:14PM
7
Apr 02, 2016 07:05PM
19
Apr 02, 2016 09:01PM
2
Apr 02, 2016 09:06PM
6
Apr 02, 2016 09:21PM
6
Apr 02, 2016 09:33PM
9
Apr 02, 2016 09:41PM
9
Apr 02, 2016 09:44PM
3
Apr 02, 2016 10:08PM
13
Apr 02, 2016 10:38PM

I agree that a reverse split would be unwelcome. However, as of Jan. 31st, the company had $2.1M in cash. This suggests we should be fine for a little while yet.

========================

I may be wrong, but I understand that this total includes the 1.5 million raised for (but not given to as of Jan 31) Carmax.

600k is what we have available, and our burn rate excluding further development of our properties is around a million a year. I'm not sure on that annual burn rate number - but that is what I remember. If anyone has the number, please correct me.

So 6 months of cash left if we just hold off on everything, at least roughly.

When have they ever done nothing though?

3
Apr 03, 2016 05:41PM
5
Apr 03, 2016 06:00PM
3
Apr 03, 2016 06:01PM
2
Apr 03, 2016 06:03PM
6
Apr 03, 2016 06:07PM
5
Apr 03, 2016 06:49PM
8
Apr 03, 2016 07:01PM
4
Apr 03, 2016 07:01PM
9
Apr 03, 2016 07:14PM
4
Apr 03, 2016 07:26PM
8
Apr 03, 2016 07:27PM
7
Apr 03, 2016 07:30PM
3
Apr 03, 2016 08:06PM
2
Apr 03, 2016 08:27PM
Share
New Message
Please login to post a reply