50% Royalty Rebate for 12 Months, page-8

Doubt any junior iron ore miner will be around in 2 years time to pay this back.

I guess it delays the inevitable and allows the WA gov to book the royalty revenue on its books from an accounting perspective. Sounds like kicking the can down the road.... The next gov will have to deal with money spent from revenue that will probably never been collected.

I don't think a lot of the mum and dad investors understand the amount of tier 1 tonnage coming online coupled with low or no growth from china. Worse yet a potential Chinese bust. Many are too young to recall the several Asian crisis, ie Korea or Japan... Atlas, BCI etc all mine tier 3 deposits. Great boom time stocks that get a mine up quicker than a large tier 1 Bhp/rio deposit. But supply caught up from the big boys... They are making 60 plus percent margins vs atlas etc losses... It's not looking good.