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Post# of 63744
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adk47

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adk47

Re: None

Friday, 03/11/2016 9:18:16 AM

Friday, March 11, 2016 9:18:16 AM

Post# of 63744
Question is: Will there be more impairments in Q4 financials?

From what I read, the impairments were being made against the 'Mine in progress'. Keeping the door open for further impairments would be the obvious reason why the mine wasn't declared commercial until Jan. 1st.

So, I'm assuming no more impairments for Q1, and back to positive earnings, but I can't decide if there will be any for Q4. If Gold were sitting at $1000-$1000 like it was 3 months ago, then definitely more impairments. Very possible that strategy is out in light of the higher gold prices.

As for the pros/cons, tax-strategies, etc, etc... that's all a bit over my head. Or maybe i'm just off base..

Opinions?

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