DING DING DING DING DING!!!

Want a new idea, for once, to chat about?

Well, I just came across something nobody has yet noticed.

A look at a site that tracks such things as the provisions of bills that are under consideration and/or just passed in Congress... in DC.... is kinda revealing, folks. Take a look and tell me if there is anything of interest as regards SFMI to be found in the recent fiscal cliff bill? Guess what is in the fine print that effects SFMI? Hmmmmm......

http://reporting.sunlightfoundation.com/2013/fiscal-cliff-lobbying/

I wonder if it ever occured to the high dollar consultants PQ has hired, who have been targets of a lot of criticisms, that it might interest PQ to be advised that waiting to spend money until 2013 might be a wise thing to do????

I wonder if any of that money for "consultants" may just prove to have been well spent.... in light of new provisions that an informed lobbyist type might just know about, and that such a "consultant" might just tell PQ, informing him to hold off on spending money until 2013? And which he needed to be aware of so that he made the best use of the money he had to raise to make forward progress up there in southwestern Idaho?

I wonder if it just might be possible that PQ actually bought something called "SAGE ADVICE" instead of just wasting money, as has been repeatedly alleged?

Hmmmm.....

:o)

Consider, if you will, what just got signed into law.

Specifically, two provisions that distinctly favor SFMI in its attempts to open up the Sinker Tunnel and in its plans to drill there (and very likely, also to drill atop the mountain this summer).

And I quote from the aforementioned link (hi-lites added by me, of course):

Quote: Specifically, the bill would extend the mining industry tax benefits that expired at the end of 2011 through 2013. One is a tax credit for each employee trained in rescue and emergency procedures in mines. The other allows companies to deduct half the cost of advanced mine safety equipment from its tax bill.

Anybody but me get the meaning of this, both as an explanation for why the purchase of heavy equipment has been held up and why the mine safety people are noted, in recent PRs from SFMI, as having begun their formal, MSHA training?

1.) A tax credit for each employee trained in rescue and emergency procedures in mines.

2.) A tax credit that allows companies to deduct half the cost of advanced mine safety equipment from its tax bill.

IMHO, if it costs a whole lot less to have waited and then to buy things in a tax advantaged way, its rather hard to see that there is much meat on the bones of all the arguments and accusations regarding PQ as regards how he has done (or not done) some of the stuff he is said to have handled wronglyly.

I do not defend his Murphy mistake, and nobody is going to tell me that he was entirely right to have held off on drilling the mountan top last summer. And heaven forbid that I get accused of liking, in even the smallest way, the guy who does the PRs, but as regards all the clamoring about how he was just wasting money with unspecified consultants and so forth, I seriously doubt he wasted the money as has been said.

And I think the new tax advantages are the nails closing the coffin containing all the criticisms of the assertion that drilling would be soon to arrive. I think that it is the LONGS who are now being clearly shown to have been pure-D correct on a long list of items, LOL.

Quote: Who's ACTUALLY been right all along, people? The forward thinking and visionary longs, that who!!

It appears the longs have been right all along.... :o)

I think PQ bought high dollar advice and IMHO, the contents of the fiscal cliff bill prove it.

My bet is we will now see spending come about at the tunnel, and you can all take it to the bank that, at the bottom line at tax time, every one who is hoping this company will succeed will be very grateful for having waited to make the massive expenditure that will be involved in opening up the Sinker Tunnel, until we had favorable tax treatment.

It was a good call, if you ask me, and do not be surprised if the logjam gets broken really fast now.

Quote: dc... you have long been the chief advocate of us seeing drills. To have the tax advantages we now have as regards this kind of expenditure, all I can say is: "WELL SAID, my man. Well said, indeed!"

:o)

Imperial Whazoo