Replies to post #66096 on Niocorp Developments Ltd (NB)

[douginil]

Relative "200% of the cost paid or incurred by the taxpayer for the purchase or acquisition of critical minerals and metals ".

If I was the tax collector I would allow it only if the material was actually purchased and physically delivered, no pre-payment for future delivery. If the time period expires too bad. Of course I suspect that the time period would be extended when the govt realizes that bringing a mine into production from scratch is a 3-6 years process. However, I know there are many clever accountants and tax people who can come up with all sorts of ideas and know how to negotiate with the tax collectors.

Of course with this incentive for customers, I suspect Scott, et al could build the shaft and target pockets of ore (stopes?) to maximize the chance of getting SOME Material that can be sold. Possibly even processing it in a pilot plant setting. Improve our cash flow and help our customer's cash flow.

I still do not think this feature of the Ore Act will be directly beneficial to Niocorp.


The second feature about depreciation I believe can be very beneficial to Niocorp.