Monument Mining Ltd V.MMY

Non Capital Loss Carry Forwards

[nozzpack]

At June 30, 2022, the Company has non-capital loss carryforwards for tax purposes that are available to reduce future taxable income in Canada of $44.49 million (2021: $44.11 million). 

These were not part of the 2019 FS and can be used to protect  a substantial part of future net profits of the FS.

The 2019 FS study projected a 6 year mine life.

Under this scenario,our Non Capital Forward tax loss pools will protect  all of our initial 6 year net profits.

This means that essential all of the cash flows less  G & A , Royalties and  modest sustaining capital, will be free cash flows flowing directly   to the cash hoard.

I estimate residual cash of about $15 million US after all FP costs are paid.

So, perhaps a reasonable option to pay a modest dividend
 

[romara]

My worry now is the cost of producing gold, as we all know the price has been dropping, and inflation is on the upswing on fuel, supplies, transportation etc. Let's hope we don't get a negative effect whhere it cost more to produce the gold, then it is worth. .....   Richard

[SilverNS]

That could be a good bad thing.  If gold cost more to product then to sell mines will stop production.  With the price of gold falling the demand for gold has not changed and if the Comex/LBMA run out it will reverse the falling price of gold in a heart beat

[romara]

Silver .... not being funny ...... they have all the toilet paper in the world to write gold on....... By those people, more paper gold can be written up when needed ..... saves on storage cost .....   Richard

[SilverNS]

I hear ya, but times are chaning the the TP that the are printing is going to fall and when it does watch out.

[ArtieFufkin]

Coincidently I was just looking at the price of gold today. Despite it's fall against the strong US Dollars it is actually at or near all time highs in pretty much every other currency in the world includng the Aussie Dollar and the Malaysian Ringgit and my own country's currency the British Pound.   

[romara]

Artie.... there is weeping and wailing at the Bank of England today as the pound does the dead man's bounce .... sad to say..... should have stayed in Brexit..... I know the new king Charles the 3rd has nothing to do with it.... but it could make him Charles the turd ..........   Richard