per share value of tax-loss credits Does anyone have a number for tax-loss credits that could be used along side the shareholder equity?
I know it depends on context. A larger company might just buy the whole thing with tax-loss credits in mind. Shenanigans are possible or whatever. It ain't worth nothin if the gold is the ground. Moving on ...
I am after a conversational number as if the company was going forward.
I am using $6M.
I started with $20M guesstimate and assumed the tax credits were applied $2M per year over 10 years. I computed a breakeven NPV using a 5% discount of the PEA. The financial calculator spat out $7.72M.
I cut that down to $6M which is about 1/2 of 12.1M (pre-tax NPV of $121M over 10 years from the PEA). Yeah. a sharper knife might be more appropriate.
($13M + $6M)/175 = 10.8c/sh
or ...
shhh, dude, it is already baked into the book value
($13M+$0)/$175 = 7.4c/sh