Niocorp Developments Ltd (NB)

[Middleborder]

Doug, Boilermaker;

It looks like you can claim 100% depreciation on a structure that is put into service, almost treating it s an expense. Since NioCorp currently has no product and therefore no income or tax to pay, I do not see how it benefit them unless they are able to carry the 100% tax years depreciation over to later tax years when they do have income.

Since there will be no product for at least 3 years the 200% does not benefit NioCorp or their purchasers.


Warning. I have a little accounting and had some experience with individual taxes, but next to nothing with Corporate tax.