Resource Capital Gold Corp GDPEF

RE:RE:RE:RE:RE:RE:per share value of tax-loss credits

[lmcbain]

The one thing is that Sprott lending doesn't want to put a full squeeze on as long as the company still controls the sale of the properties, as that would diminish market value. They are better off acquiring the properties in lieu of the debt and selling themselves, as they would be able to afford to sell them while going thru a proper negotiating period, as opposed to "needing" to sell in a specific window. The interesting thing here is that the company may actually have more value as an overall asset, becasue of the tax credits, that the propeties alone - even considering the debt. It depends entirely on what the property acquisition cost is.

Salut,
Leigh McBain