Colorado Goldfields Inc (fka CGFI)

[M_T_Pockets]

Ok, I need the brains of some of you tax experts out there. This is in regards to a potential value of AMNP.
I was re-reading the AMNP quarterly report looking for additional information on the value of the proposed merger.
I noticed that AMNP has a tax write off that is in excess of $5.6 million (or maybe as much as $11 million), good until 2027.

[quoting the report:
As of July 31, 2011, and 2010, the Company had approximately $5,659,708, and $5,456,980, respectively, in tax loss carryforwards that can be utilized in future periods to reduce taxable income, and will begin to expire in the year 2027.]

At the present price per share, (.0021) AMNP's outstanding share value is less than $200,000. (I see the O/S as 82 million X .0021 = $172K.) That makes a tax loss credit of $5.6 million available to CGFIA with the consummation of the merger for what now looks like a purchase price of less than $200K.
That seems like a pretty good deal for CGFIA. When the profits start rolling in, CGFIA should be able to transfer some or most of its profit over to the subsidiary corporation (for just about any services provided by it) and use the tax credit to write off the taxes. That seems like almost tax free income.
Am I on the right track here tax guys?
Thank you whoever can lend a little clarity to this theory I have.