Royal Nickel Corp. RNKLF

RE:Foreign exchange loss

[Farquar]

I could be wrong but this loss is not a literal cost but is more a calculated depreciation on the equipment and mine etc..This is calculated for the Express use of claiming against profits to reduce income tax paid to the government.. in other words , it is a tax deduction... it's like if you own a business , you can claim 20% of the cost per year of your new computers, printers, office equipment etc.This saves you paying more income tax than you need to...