MRD
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0.00% 0.1¢ mount ridley mines limited

Ann: CSA Independent Review, page-33

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  1. tradealot
    1,055 Posts.
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    15/12/16
    06:47
    Post #: 21348848
    Hi @malio

    Spot on with your projection.

    MRD would be elegible for a 43.5% cash R&D rebate for exploration.

    Last financial year they spent $2,321,000 on exploration, so a 43.5 % Cash Rebate = $1,009,635 being returned to the company before the EFY.

    Sounds great.

    Cheers
    Tradealot

    http://www.grantready.com.au/library/scripts/objectifyMedia.aspx?file=pdf/174/06.pdf

    https://www.ato.gov.au/Business/Research-and-development-tax-incentive/About-the-program/
    MRD Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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