• Calculations by the author. All values are in CAD
• * Currently Wyloo. Includes flow-through shares issued by Noront Resources Limited as well as Spider and KWG who explored properties later acquired by Noront. Wyloo has not raised flow-though shares since purchasing Noront.
• ** Includes Charitable Donation Tax Credit associated with 2 charity flow-through financings. Also assumes that for insider financing worth 260k of flow-through shares that insider does not divest and therefore does not pay capital gains.
• for assumptions see Table 1 notes
• METC calculations associated with investor profit and tax abandoned for Noront assume that investors also claimed the Ontario Specific Flow Through Share Tax Credit (not included in the table). As a result the METC value may be slightly underestimated relative to the other companies.
Chart: Broadbent Institute