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Gold/Mining/Energy : Copper Fox

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Underhill69

From: brundall	4/1/2016 4:10:56 PM
	2 Recommendations Read Replies (2) of 10654

Well I have some good news and bad news for those of you stuck in this investment.... First the good news....as of March 31st, Copper Fox had $1.925 million in the bank....their burn rate while doing nothing appears to be about $325,000 per quarter. So they actually could exist on care and maintenance for approx. a year and a half on the money they have now. That would take them far enough along to see whether or not Teck will have a 2017 program at Shelved Creek and how extensive of a program it will be. The bad news is that Copper Fox has a history of not doing nothing and for spending money on anything and everything in sight. That course of action will require another round of financing, massive dilution and most probably a consolidation. The best thing for Copper Fox to do for existing shareholders is to do nothing at all for the next 18 months. Chances of that though are slim to none....and slim just left town.

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