RE:Production05Hey Goldsfool,
Below is the Sales Tax Recovery account balance on the Balanced Sheet (by quarter) going back to the first quarter 2009.
It seems like the balance increased substantially in 2014.
The fluctuations in the balance from quarter to quarter would suggest that NWM had been receiving some recoveries in the 2009 to 2013 period. If we didn`t receive much of the recovery in 2014 then it would make sense to see a good size portion come through in 2015. I think in Quebec, exploration reimbursement is done once a year. I wouldn`t be surprised if Mexico uses a similar approach for sales tax reimbursement.
Sales Tax Recovery Balance from NWM`s Balance Sheet:
Q4 2014 - $6,504,481
Q3 2014 - $5,661,550
Q2 2014 - $4,830,728
Q1 2014 - $2,465,733
Q4 2013 - $1,657,948
Q3 2013 - $1,284,363
Q2 2013 - $1,930,363
Q1 2013 - $1,370,232
Q4 2012 - $1,856,214
Q3 2012 - $1,534,519
Q2 2012 - $964,451
Q1 2012 - $1,406,380
Q4 2011 - $2,238,563
Q3 2011 - $2,366,528
Q2 2011 - $1,330,668
Q1 2011 - $1,205,586
Q4 2010 - $480,738
Q3 2010 - $443,828
Q2 2010 - $491,874
Q1 2010 - $320,024
Q4 2009 - $215,797
Q3 2009 - $543,141
Q2 2009 - $763,448
Q1 2009 - $760,776