Re: 2.80 PP

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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brattymack

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Re: 2.80 PP

in response to

Re: 2.80 PP

brattymack

posted on Jan 07, 2010 02:51PM

Just did a little reading on the Ontario Gov website.

I signed a flow-through agreement with NOT. That's part of the deal.

I believe they will send me a form (T101?) this year telling me how much I am able to write off. I am thinking they add up all of their approved exploration expenses and divvy that up amongst the flow-through investors who supplied them with the cash.

The FTS are 100% tax deductible and there are further credits depending on the province.