Sure it is less money, but is it a problem? Although I guess maybe we can fight and get it, and it does seem to indicate some "plans" in the NR for other properties, but based on the financial results that 0.8mil difference isn't going to hurt us immediatly unless we in fact do have some larger expendatures for other projects,

This message.

http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/636527-financials/messages/1997803#message

Which was in response to.

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

Which was taken right from the year end NR.

"

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.

"

With our burn rate around 1.42mil/year and still having ~5.5mil (6.3mil - 0.8mil less from tax return) we would still have 3+ years (5.5mil / 1.42mil/year = 3.8732years.