The announcement say GXY required to pay Argentina government 30% of the profit made from the sale of northern half of the SDV project. That means GXy made a profit of around 224 from the sale of northern half. What about the amount of money GXy spent on the Southern half of the project for exploration and test pit and pons and haul roads Gxy can reduce the amount of tax payer able by combining the profit from north and loss from south part of the project. For example if the loss from the south part is around 100. The combine profit from north and south is 224 less 100. The tax payer able is 37.2 I hope this argument should help GXy to minimise the tax
GXY Price at posting:
$2.17 Sentiment: Buy Disclosure: Held
