RE:Hi Left... Wango,
thanks for your thoughts.
what is your take on the value of the "tax credits" ?
"tax credits" -- totals are mine
2014 $14.5
2015 $14.7
2016 $14.0
2017 $15.1
2018 $20.8
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2015 wording ...
As at June 30, 2015, the Company has accumulated non-capital losses of approximately $10,708,808 of which $8,221,325 are at a tax rate of 26% (Canada) and $1,214,394 at a rate of 30% (Australia) and $1,273,089 at a rate of 25% (Indonesia). The Company also has accumulated resource and other pools of $3,986,281 at a tax rate of 26% (Canada). The Canadian non-capital losses expire commencing in 2026 through 2035; the Indonesian non-capital losses expire commencing 2016 through to 2020; and the Australian non-capital loss may be carried forward indefinitely. The cumulative resource and other pools can be carried forward indefinitely.
The significant components of the Company’s temporary differences, unused tax credits and included on the consolidated statement of financial position are as follows: