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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

Comment by miketrikeon Feb 05, 2016 11:17pm
192 Views
Post# 24531172

RE:How did we get so Lucky

RE:How did we get so Lucky
It only has to do with paying taxes on the streaming deal. Full taxes are already paid on the gold produced and the silver that is not sold to SLW. It has nothing to do with other mining companies in Mexico unless they have some streaming agreement.

Silver under the stream is sold to SW Caymans for $4.20 per ounce. Primero has been paying tax on only the $ 4.20 as per the expired agreement. Mexico wants them to pay tax on the full value of silver. Somehow SW Caymans gets away with paying no taxes to Mexico on the silver they buy from Primero for $4.20 and sell for spot price.

Not sure why this streaming deal was put together without tax issues resolved.

Either way the worst case scenario is more than priced in right now.
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