Post by
JCSunsfan on Nov 23, 2024 1:34am
Keep and eye on the tax credit
The 48c tax credit, which Taseko has said could be as much as $110 if granted, is significant. It is a FULLY TRANSFERRABLE credit. That means it can be sold. So it can be monetized immediately even if Florence Copper has no tax liability of its own. Such credits can sell for as much as 90 cents on the dollar.
If they are awarded the credit, it will go directly to the balance sheet at 90% of the award. The full $110 million credit could be worth nearly $100 million to the balance sheet. That is 16% of the present market cap.