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bwhahaha! That’s why they went into a TH?

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Naza

838 Posts.

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14/01/21

19:49

Post #: 50177388
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Originally posted by hurtadarryl: ↑

I just did some maths on this period with average gold prices taken from: https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
between 2016-2018 they ran at a loss of $1.8M (80% ownership) yet paid $6.3M in taxes relating to Morila during the period to stay in good standing with the government according to Mystikal's post: https://hotcopper.com.au/posts/50173033/single. 2017 specifically they earned about $950K.

I anticipate this is actually a tax refund given that according to mystikal's post Barrick overpaid taxes intentionally whilst sorting out the tax claim from the government expecting to receive a return of overpaid taxes.

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bwhahaha! That’s why they went into a TH?

FFX Price at posting: 22.0¢ Sentiment: None Disclosure: Not Held
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