Some rough calculations on the break even price on a flow through at $1.83

Let's assume 1000 shares on FT at $1.83 = outlay of $1,830

At a 50% tax rate = refund of 50% of $1,830 or $915

Break even sell price at $1.22/share gives a positive amount of +$1,220

Since the ACB would be nil, that would be a capital gain of $1,220 and a taxable capital gain of 50% of that amount or $610

Again, assuming a 50% tax rate, an outlay of taxes on the gain of $305

In a nutshell:

-1830 (original cost) + $915 (tax refund) + $1,220 (sell shares) - $305 (tax on gain) = 0

In summary: the breakevne for anyone getting in on the flow-through would be a selling price of $1.22 assuming a 50% tax rate. Nice deal when the shares are trading at $1.50 - $1.80 range.