KGL kgl resources limited

andash update, page-7

  1. 940 Posts.
    i saw that article last week as well.

    Didn't really impact my decision to invest in Krgyz. It is an excess profit tax. So you pay extra taxes in the event of a spike in gold. Fair enough really.. the govt is only getting 10% in corporate tax and 5% royalty. That is way too low.


    I invested in goldies not because i think gold will go to 5000$/oz but rather that they will remain above 1500$ for the next 3-5 years... giving a robust margin for emerging goldies.
 
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