LYC 1.93% $6.10 lynas rare earths limited

off shore processing, what benefit, page-12

  1. 3,648 Posts.
    I believe the government needs to raise that ceiling to make the mining tax viable. I agree that the tax is necessary - I've wondered for years why any company can just take stuff out of the ground almost for free!

    The current effective super-profit of 6% is a joke and it should be doubled or tripled - then it would be fair, IMO.

    At this stage its still early in the game and both sides are playing hard-ball - which they should I suppose - but in the end a compromise everyone can live with should be possible.

    What is disgusting is the political games being play on the mining side and somehow being supported on HC - but hey, that's the way it is. I hope for a good outcome for all parties.

    As to LYC, it has funding, it has the markets and short of a world wide disaster, it will succeed and do quite well, thank you. All IMO of course...
 
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