Approximately, yes.
If you read the PFS, the total to government is a bit more than that if you add full rates of company tax. However, as there is HIGHLY likely to be some form of company tax holiday, international practise and all that, the overall benefit to MYL will be 50% of 51% ....very convoluted way of looking at it though :_)
That would be money MYL could repatriate to shareholders or re-invest in Myanmar.
Major project status, which is what it takes to get 50 year Mining permit, comes with 'up to 7 years corporate tax holiday' to allow the financing and building of the mine. Lesser duration life of mine/mine permits have access to lesser terms of tax holiday. Note, I'm not saying they will get the full 7 years, just that there will have been a negotiation and that would be the maximum figure.
It's all out there in the public domain if you look hard enough.
- Forums
- ASX - By Stock
- MYL
- Ann: Bawdwin Project Update
Ann: Bawdwin Project Update, page-24
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online