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Re: dcbass post# 54470

Tuesday, 01/08/2013 2:17:05 PM

Tuesday, January 08, 2013 2:17:05 PM

Post# of 65657
You are welcome, and thanx.

The new tax provisions that favor SFMI, as it goes forward in 2013, are important.

My posts on this topic so far are:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83138779
and
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83115925

BTW.... I've also discovered two other tax provisions that may well favor SFMI in its Sinker Tunnel project in 2013. The politcal climate in Washington resulted in the new fiscal cliff tax bill and it looks like there are a bunch of provisions in it that will greatly help SFMI this year.

So as I mentioned above, I think I've found two more relevent tax provisions & I'm DD'ing them.

What I think my DD will unearth will be two more tax advantages SFMI will have available to it this year. I'll keep you posted, DC.

But here's a preview of what I'm working on:
wouldn't it be great for it to be true that SFMI can write off 50% of the costs of new buildings completed in 2013?

My understanding thusfar is that there are new provisions designed to encourage small business to build buildings.

SFMI is soon going to complete several buildings:
- the smelter
- the vault building
- the lab building

If they can account for them in a way that has a 50% tax advantage, then every dollar PP or AS puts into SFMI.... every dollar that goes in effectively becomes two dollars.

Now, as I've said, I'm in process in digging into this and I'll post more as I unearth the details, but just like the safety related provisions excited me, the two new tax advantages I am DD'ing look very good so far.

Anyway, it is good to see that tax advantages are available, and I expect to see the Sinker Tunnel project move forward now that the logjam in Washington has, at least a little bit, clarified the path forward for companies involved in mine safety issues.

I expect my DD will uncover more tax matters that help SFMI, but even if its only in the area of safety, its still looking like the new fiscal cliff bill is a big help to SFMI.

Have a good day, DC, and I'll keep you posted.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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