the question here stays in how much does AUSTRALIAN MINED metals affect the overal int'l supply & in what metals!
also, don't forget that the new tax gave an expedited dep'n rate for initial invested captial of 60% in year 1 & 40% in year 2.
now the name of the game becomes how much money a company needs to make to attract that tax!!! would more mining years lower the yearly profits & therefore EXEMPT some from the super tax? (same like luxury car tax & if a car falls below a certain value then it's exempt?).
if that is the case, then everyone will be directed to mega plants, longer operating years to fall UNDER the super tax threshold & therefore again short term shortage of supply & longer employement term for all mining workers becuase of the longer mining years!!
if this tax is going to hit those companies such as RIO/BHP..etc... then obviously chinese investments may look for SMALL/MED size miners to invest in, which by turn could be the next BIG HIT!!
again, the name of the game is how much money does a company need to make to attract that tax!!!
