RE: RE: RE: RE: Zone Resources Holds Annual Generahttps://www.mrn.gouv.qc.ca/english/mines/fiscal/fiscal-regime-losses.jsp
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Kind of dense reading, but should help you out with the taxation issue. Did Zone really spend $2 Million in drilling their property in 2011?
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My understanding was that the tax credits were refunded once the deposit goes into production. The tax credits would thus allow the mine to minimize it's tax burden in the first few years of production. I don't think Quebec just writes a check to the company, but I could be wrong.