Replies to post #41148 on Banro Corp. fka BAA

[baystock1]

You do realize that Banro does not have to pay taxes for the first 10 years ? I think the main value derived from taking this writeoff on Namoya prior to going commercial is that it will reduce the AISC. My understanding is that AISC includes sustaining capex. And since one of the components of sustaining capex is depreciation, this writeoff will reduce depreciation.

A CASE OF TAXES ANNIHILATION FOR THE 2015 YEAR!!!