$21 million CAD of Unrecognized Deferred Tax Assets These have been accrued in previous years but not recognized as an asset convertible to cash because the amount of future taxable profits were unpredictable .
That is now no longer the case, with the resumption of mining by the install of the FP.
I don't know if that would be the case in Q4 of F23 but certainly in F24 perhaps Q1.
This is a substantial cash asset worth $0.07 cad per share which will be a huge boost to our balance sheet especially for the accelerated development of our Murchison asset in conjunction with ODY.
Recently, one of my other investments converted about $40 m in such unrecognized deferred tax assets to cash which caused me to investigate MMY deferred tax assets.
Of course beside that we have $40.5 million US = $53 million CAD ( 17 cents cad per share ) in forward tax loss pools to offset future taxable profits..
So, altogether, we have on our asset base $0.24 cad per share tax loss assets that can be converted to cash once profitability returns ....as it almost certainly will