oversold and underrated, page-19

GRR directors could also be grappling with the urging of an auditor inspired write-down of Southdown.
The most important tax allowances for mining relate to the capital used in exploration. That capital can be written off more quickly than other mining investments, reducing immediate tax payments, albeit at the expense of higher payments down the road...so there is an argument for reducing income tax on operating earnings at Savage river by writing down Southdown now .
curious that the seller keeps quitting the stock at 27 cents today. tells me that quarterly has an unpleasant message and/or RGL selling ( cause they need the money)
anyway I'm still buying .