quarterly report to march due next week, page-17

Cusox, My logic about this issue is, that if because of age , an expense is no longer allowed as a tax deduction, it would not be allowed on the balance sheet.as it does effect the tax a company has to pay. I don't believe you can show accumulated or other losses on a balance sheet if you can not deduct them. I don't know, but because of the nature of establishing a mine, there may be other regulation in place in regards to the duration in which expenses are allowed. What ever, the larger the acc. losses when we start mining, the better for shareholders, as we can earn that much without having to pay tax on it.