I guess I should show the gross margin of Dynacor in 2010 and 2011 in relation to my last post. In doing any calculations for the years 2003-09 for the amount of ounces, if it is gold that the supposed taxes are owed for, the mean average will be a lot lower than this 2010-2011 figure of just over $200 per ounce. For example, 100,000 ounces of gold at $200 an ounce would equal $20,000,000, 30% tax rate would equate to roughly $6,000,000 owed in taxes on that certain amount.

Any accountants out there offer their opinion on this, I am only playing with numbers and an accountants perspective may be quite different. I may be doing something wrong in my calcs, because these numbers I am coming up with seem staggering. Don,t anyone rely on my posts on this being gospel because I am not sure about any of this and only the factual information found in companies news releases, SEDAR, and any publicly released information by the company should be relied on for any actuality.

Mr. Pierre Monet, Vice-President and CFO of Dynacor, stated: " In 2011, cash gross margin generated from custom milling operations is forecasted to be about $9.5 million based on gold sales of 45,000 ounces and an average cash gross margin per ounce of gold of $210. It should be noted in the third quarter of 2010, Dynacor reported a cash gross margin per ounce of gold of $237 ". - See more at: http://dynacorgold.com/en/news-description.php?param=131#sthash.YfQkZEQv.dpuf

IMO