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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Message: tfsa
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Paliman..........You write: I think if I am not mistaken you have three years to

recoup capital loss.Capital loss in the current year has to be applied against

capital gains of the same year and the rest can be carried forward with no time limit.

Three year limit applies below.

You can use a current year net capital loss to reduce your taxable capital gains in any of the three preceding years or in any future year.

GLTY and all

Fossil

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