Abcourt Mines Inc V.ABI

Return of a $20m investment to gouvernement

[fbedard29]

Hi my consumption of beers is certainly affecting my judgement again.
The gouvernement should give Abcourt the $20m and from my calculations would be a 300-500% return on their investment.

If $20m is lent   $10m would be spent on material that would give the gouv a 15% tax return.
Then the $10m spent would also give the gouv a 40% income taxe return.

The next $10m would go to salaries that would give gouv a 40% return.
The 60% left for salaries after the 40% taxe would also give a 15% return on taxes and certainly 
another 20% when they buy material and consume.

The result would be 

!5% of the first $10m as taxes                                            = $1.5m
40% in income taxes                                                           = $4.0m
The second $10m  in salaries
would generate income taxes of                                          = $4.0m
The $6m left in salaries would 
generate 15% taxes and another
min 20% in income taxes                                                     = $2.1m

and if Sleeping Giant mine produces 
20k oz and generate a $13m revenu a year
taxable if we assume a 50% taxes going to
gouvernment generate another $6.5m a year
for 10 years min   =  $130m x 50%                                     =$65.0m 

The results would be                                                             $76.6m in income to the gouvernment 

And even if the mine never produces an oz the gouv would have recuperated $11.6m
Can there be any better investment for the gouvernement.
I know that my estimates of the return to the gouv is low and if gold price raises the return could be much higher.

The gouv should give Abcourt the money needed to proceed.

Fernand

[fbedard29]

And the loan or gift should be done by municipal,proviencial and federal gouvernment. Fernand

[Theoldmariner]

Oh Fernand, Governments over spend on absolutely everything and this produces inflation ! THEY DO NOT HAVE THE MONEY ...they borrow from central banks which just make it out of nothing! You just do not see the truth!!!!! Secondly, you are correct if the government likes you...SMILE they have lean-given  many worthless companies monies which they never recieved anything back in taxes...again

[PILGRIM]

Fernand I love your demonstration

[Theoldmariner]

I too smiled at Fernand's vision of the all kind and providing governments..... Unfortunately, if the general population does not awaken soon to realitry and THERE IS NO FREE LUNCH....you too will be serfs without freedoms ...historical proven since mankind served their masters....Kings, queens and the church....this is not about some old man sharing the truth. Unfortunately the system has

[SilverNS]

I really do not see the Quebec Government financing us.

[tannin]

Agree SilverNS, unlikely, but not impossible, govt will finance ABI, they do it all the time in other industries, on the basis of the sort of benefits that Fernand listed. Maybe the Caisse ? 

[fbedard29]

My post was meant almost as a joke, but if you calculate all that the gouvernment gets back in return in income taxes and sale taxes from all lever. From the mining co net income from direct salaries  for employees from employees spending their net revenu on taxable object, services. from all services sold to the mining co. I am certain that 90% of the +- $20m that could be lent to ABI, 90

[tannin]

It would be the Quebec provincial govt Fernand, and they cannot print money. However, they do support various industrilal and mfr initiatives financially where they can see a longer term benefit for the province, it's tax base, employment etc. Be more inclined to think it would be a non-government body, one that is very Quebec growth oriented,, and whether it's a loan, or a loan guarantee

[Theoldmariner]

Good evening, Just to put all you dreamers back to real time ..what is about and will occur? We all were awoken to the news today ..... that all air traffic  was shut down..in the Empire. We have no idea about what is next. Or who did it , or what is the truth?  My point...I once endvoured to  shared the real truth about the coming future and weather changes..and..unfortunately