ASX flags gold sector suspensions if WA’s new gold royalty proceeds, page-19

Hokusai

I think you are jumping at shadows here. I would argue that the Murdoch press article you have highlighted is a political stunt aimed to scare everybody that the end of the world is nigh, its target is Labour State governments. Let us stick to the facts here, the increased royalty rate is 1.25%, up from 2.5% to 3.75%, therefore at the current gold price of US$ 1310 the increased cost is US$ 16.38 translated at an exchange rate of 0.795 gives Australian $ 20.60. In the context of the grades that appear to be on the horizon at Purdy's, the amount is inconsequential. To use a well worn expression that has entered our vernacular: this is fake news.