how good will the kenny reef be?, page-26

I have a solution for gold miners to avoid the RSPT tax:

Australian gold miners should set up a joint venture minting company say AUGMINT. The all the participating miners should put in hedging contracts and sell their next three years produtcion at say USD$1000. They will allocate the hedging loss to their mining projects. They will participate in the value added profit of AUGMINT.

Of course this is too obvious to the government but I am sure there are ways to make this work. What do you think?

hedging is not such a bad thing after all if done properly in the context of a crudd RSPT tax.