RE: RE: How smart does Eric Sprott feel nowGranafirme...and anyone else who may be interested,I believe I am aware of the tax consequences or benefits of flow through shares.When you purchase the shares,you are entitled to a tax deduction for the full amount of the shares,so you have the tax deduction and a cost base for the shares of zero. Now if your an average investor,you get the full tax deduction,then if you make a profit,you would pay a capital gains tax. So you purchase for 1.82,take a 1.82 deduction, sell for 1.82 ( for simplicity purposes)...with a capital gains ,you would pay taxes on 50% of your gain,thus half of the 1.82 (91 cents) tax free. Now with Mr Eric Sprott and his funds,being they are professional investors dealing full time with these types of investments ,any gain he or his funds who have ,would be full taxable.Thus the only real benefit would be the postponement of the taxes owed,( you don,t pay tax till you sell and take a gain),but being a professional ,you would pay tax on the whole 1.82 gain.Purchase = 1.82......tax deduction of 1.82 =adjusted cost base of zero,sell for 1.82...for a fully taxable profit of 1.82..............Now if you need the tax deduction now, and don,t sell for 5 years,you would have the use of that deduction ( saved tax for that 5 years)....but if your a average retail investor ,the flows throughs can work to your advantage.Also at the time , Mr sprott would have went to the retail market and wanted to buy 9 million dollars worth of shares,he would have had to bid the price up possibly as high as three dollars.in my original post , I didn,t mean to insult Eric sprott,I was trying to imply that at 1.08 must be a bargain ,if he paid 1.82 for 9 million dollars worth of shares......learn to spell?