Value for tax purposes For those who don't really understand the tax value of western: A balance sheet of 500 milion means a tax saving of 35% of 500 equals 175 million since a depreciation lowers your profit and hence your taxable amount. Add that with the tax grant of 78 million and you get a value of +- 4 CAD a share, and thats without taking into account the activities themselfs. I would expect we will be able to sell our activities around this price...