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Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.


TSX:MOZ - Post by User

Comment by Koko391on May 14, 2020 8:53pm
111 Views
Post# 31030772

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Today's Trivia

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Today's TriviaFlow-through shares are essentially the company selling their expenses to investors.  In addition to the shares, the investors get a tax deduction in the current year equal to the value of the flow-through shares they purchase.  In exchange, the investor agrees to hold the shares for a minimum period (I believe that is 2 years).

From a tax perspective, if I buy $10k in flow-through shares and I'm in the top marginal tax bracket in Ontario (53.5%), I can save $5,350 in taxes when I next file.  Offsetting that is the risk of holding a small cap stock for 2 years, and the fact the shares I purchase carry a $0 cost of investment.  As such, when I sell the stocks in due course, I pay capital gains tax at half my marginal tax rate (26.75% in this example).

So if I invest $10k today, and if the stock price doesn't change at all in the next two years, then my cost is $10k up front, with a tax saving of $5,350 next year, and a tax hit of $2,750 in two years time.  In a low inflation environment, the net cost is approximately $7,250.  Note that the analysis varies based on your personal marginal tax rate.

https://www.ggfl.ca/flow-through-shares/
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