just off the phone with my accountant in Yellowknife:

the first words out of his mouth when relaying the concept of taxes and companies like minerfields "making money by loosing money" : "that's a myth" "....nothing is further from the truth"

i call it folk-lore becuase it is a concept which surfaces often from people who do not understand tax law and the concept of tax breaks in conjuntion with revenues and the many various levels and regualtions that fall into play.

it gets complicated but under no circumstances does it pay to loose money: this is none-sense and completely based on ignorance. ...but it sounds "smart" to some when this claim is actully written on a bull-board or said across a table in bar while waiting for the hockey game to start.

such quick and 'smart sounding' statements that are made in various contexts, most often have very little foundation in truth and are never made by the people who work in those feilds ...such as doctors or lawyers or geologists or chemists ...and in this case: accountants.

be assured: minerfields will not make money if they loose money on this pp under any tax circumstances. their intent is always to sell at a much higher price and that is exactly what will happen ...and minerfields has more wisdom supporting this probability than any of us.

cheers to all and good luck to all our juniors

and today that means hockey juniors

....danny