RE: RE: Question for the Board Think of it this way.... If you sell a used car, it doesnt matter how little you charge your friend, the government will take out there blue book and tell you that you owe the tax based on the pre-determined fair value of the car.
The Mexican govt was doing that to Primero, who was selling their silver for $4 and taking the loss to offset profits and lower their taxes. Government said too bad, silver is worth more than $4 bucks, so you cant take a loss and you must base your taxes on the spot price of silver.
Primero won their case.