July 2024 PP

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%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

uknowzit

Rank: Treasurer [?]

Points: 673 [?]

Votes: 20 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

July 2024 PP

posted on Jan 31, 2024 04:10PM

Looking back on the 2022 Financials (2023 YE is not out yet)...

Looks like they burned through about 864K on admin/salaries and another 142k in professional fees.

For the 9 months ending July 31/23 they incurred 727K in exploration costs.

So thats roughly a 1.7M burn per year, give or take 100k

As of Sept 20th 2023 the companys cash positions was stated to be 1.785M

The latest PP was announced July 18th.

So looks like we have about 6 months till the next dilution session... Thoughts? What do we think they will burn 700k on for exploration this year?

I wish there was something else to discuss...unless there are some crickets connoisseurs, there isnt much.

5 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply