henry: top mining tax rate would be 56.8% , page-17

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    Reaper
    you are missing a couple of very important points

    1.Mining leases just start out as dirt. It take a lot of time and money to find a mineable resource. Large profits for are required to jutify the initial risk

    2. Under the RRT a project now needs a much higher rate of return to justify the capital investment.


 
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