TSX:LSG.DB - Post by User
Post by
basemetalon Dec 19, 2011 4:25pm
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Post# 19335801
revenue from advanced exploration.
revenue from advanced exploration.There are two paragraphs in the third quarter MDand A that suggest that The Bell Creek project might "pay for itself".. The first says that expenditure on the project totaled $25.4 million year to date, and the second that pre-production revenue totaled $25.2 million in the same period. ( Perhaps there will be even higher pre-production revenue in future).
It seems to me that pre-production revenue cannot be taxed for it does not contribute to profit. It is applied in reduction of costs.. Perhaps the same inference can be made for pre-production revenue from Thunder Creek.. If so there is real advantage to having only one mine in commercial production eh ? Perhaps the need to go to the market for funds is not so imminent as some here have suggested .