Here's a little blurp on Flow through financing some of you may find intersting. If this is the case, the tax credits associated with this finanicnig brings the share price down to the mid .30's assuming one is the 46% marginal tax rate. If this is offered to general public, you will likely need to an "eligible or accredited" investor. Likely , accredited. If this becomes available to the general public, it is a very effective way to make money.

Excerpt from Business Week

There aren't many legitimate tax shelters for high-income entrepreneurs, let alone many that offer the potential for lucrative returns. But that's the promise of flow-through shares. Issued by Canadian companies in the energy or mining sectors to raise funds for exploration, flow-throughs give investors juicy tax breaks and the opportunity for capital appreciation based on new discoveries and rising commodity prices. "And when one of them gets a hit," says John Archer, an investment adviser with RBC Dominion Securities in Montreal, "it can really be an investment home run."

Here's how they work. Resource companies typically have huge upfront exploration costs and little or no revenue. That means they don't need the tax deductions they would incur as income-generating companies. To finance that exploration, they'll issue shares and allow the tax deductions to "flow through" to investors.

So, what kind of tax savings can you expect? Flow-through shares offer federal and provincial tax deductions of 100% of the investment. An investor with a marginal tax rate of 46% who purchases $10,000 in flow-through shares will garner a tax benefit of $4,600, cutting the real cost of the investments to $5,400. When the shares are sold, the 50% inclusion rate on capital gains will mean a tax hit of 23%.