RE:RE:RE:35 Billion in green tax credits Hey Bobby,
The new budget will not affect the NPV, why would it ??
Anyway, as for tax credits, CRE has been cashing in exploration tax credits for years. What is new in the federal budget is the building tax credit.
But this credit applies to machinery only of course. So 30% tax credit on a small percentage of our capex. This is not a klondike event.
Out of the 357 million capex, 241 million are for building the plant but maybe only 10% of that would be for machinery : milling equipment, trucks, excavators.
So 30% credit on 10% of 241 million would be around : 7 million.
It is positive news for sure, but does not weight much on our ongoing negociations if you ask me.