Flo-thruI agree that Flow through is always priced at a pemium. Especially this type of "super flow through" that qualifies not only for a 100% deduction but also a 15% Federal Tax credit and-for BC residents-a 20% Provincial credit.
But the premium is usually in the area of 15 to 40%, not 100%. And especially not a 100% in this market where capital is scarce. I may be dead wrong-I have been so far-but I continue to believe that there is more to this story than we are seeing. We will soon see-weather is good in BC and GD has $1mm to spend, as I see it this is a make or break season.