Does anyone here know if the $130,000 payment due on October 15th re Sombrero Butte was paid by Copper Fox? There was no mention of it in the latest company news release.
I don't know the answer to this but I remember reading something in the cautionary statements about how things might not proceed as planned and I wondered at the time if they would keep Sombrero Butte. It doesn't seem to be of any near-terrm value.
Even Carmax seems a much better project to put the money into because of the original blunders with their PEA, or whatever it was. I think they didn't split the cores and therefore a lot of the mineralization couldn't be counted. Theoretically there is a big upside there because the drill results are known, but couldn't be included for those technical reasons. CUU can buy up to 62% of Carmax under their agreement.