bottom should be coming this week, page-32

I agree. And that is why I agree that any tax on the mining profits should be used to boost Australia's superannuation and savings to diversify investment in this country. If they pushed for using the mining tax money for direct government spending or income tax cuts or cash handouts then that would be a different story.

All this fire and brimstone talk by the industry lobbyists before anything has been written in legislation doesn't help its investors and if anything will aggravate the volatility.

Alongside the tax hike, there were proposals for rebates for small to medium mining companies involved in exploration and in the early stages of implementing projects. I look forward to hearing GBGs articulated response and forecast projections on these reforms.